 Home > Chemicals Industry > New Chemical Materials > PP volatility lower, spot price correction

PP volatility lower, spot price correction

 Last Update: 2022-12-09
 Source: Internet
 Author: User

Tags

price volatility

price product retail

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On Friday, the PP1805 contract opened at 8888, with a maximum of 8900 yuan / ton, a low of 8745 yuan / ton, and a close at 8758 yuan / ton, down 157 yuan, or 1.
76%.

The volume increased to 426120 lots, and the position increased by 45620 lots to 458116 lots
.

News: As of March 15, the overall operating rate of the domestic polypropylene downstream industry was 59%, of which the operating level of the plastic knitting industry fell to 52%, the operating rate of copolymer injection molding was 64%, and the BOPP operating rate was 61%; There are obvious differences
in the status of industry start-up.

Raw material prices: naphta CF Japan reported 570.
25 US dollars / ton, up 1.
11%; FOB Singapore was trading at $62.
06 a barrel, up 1.
11 percent
.
South Korea's FOB propylene price was 1010 US dollars / ton, flat, and domestic propylene 7575 yuan / ton, flat
.

Spot prices: The Far East was flat at $1,200/ton, and China's CIF was flat at $1,200/ton
.
North China CNPC T30S reported 8600 yuan / ton, down 50 yuan; East China Shaoxing Sanyuan T30S reported 8800 yuan / ton, down 50 yuan; South China Maoming T30S reported 9150 yuan / ton, unchanged
.

Overall, the PP1805 contract fluctuated lower, and the 5-day line pressure appeared
.
Fundamentally, spot prices have retraced, downstream product enterprises are not willing to purchase strongly, which has a certain suppression of prices, and the future market focuses on the progress of destocking
.
Technically, the MACD and KDJ indicators both deal with the low area hovering, and the market will focus on the support
of the 8700 line.
It is recommended that investors wait and see for
the time being.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.