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The PP market was weak and volatile, and some local grades fell by 50 yuan / ton
.
The local ex-factory price of petrochemical is still lowered, and the cost support is weakening
.
At the same time, the low volatility of morning futures dampened the mood
in the market.
There is no significant improvement in demand, market inventories are still high, the contradiction between supply and demand is difficult to alleviate, traders' confidence is slightly insufficient, and morning transactions are mostly
negotiated.
Today, the mainstream price of wire drawing in North China market is 8950-9000 yuan / ton, the mainstream price of wire drawing in East China market is 9000-9150 yuan / ton, and the mainstream price of wire drawing in South China market is 9150-9250 yuan / ton
.
PP price weakness adjustment
in North China.
Futures sorted out at a low level in the morning, the market wait-and-see atmosphere did not abate, and traders adjusted quotations
slightly according to their own inventory.
The downstream plant is basically normal, and the current on-demand procurement is the mainstay
.
PP prices in South China continued to fluctuate slightly, and the supply of goods was average
.
The low volatility of futures put pressure on the market, and merchants actively shipped to facilitate trading
.
Downstream factories are moderately replenished in real trading, and the market trading atmosphere is general
.
The price of PP in East China has limited changes, and traders sell at stable prices
.
Although the stability of factory prices temporarily supports quotations, the weakness of futures and terminal demand has not improved significantly, so the market transaction is weak, and the real market is
small.
PP prices in central China loosened
slightly.
The ex-factory price of petrochemicals was lowered, which weakened
the cost support of the market.
Futures are running at a low level, which has dealt a blow
to the willingness to receive goods downstream.
Traders underreported with the trend, downstream factories were cautious, and the market trading atmosphere was light
.
PP prices in the southwest region were partially loosened
.
Futures continued to fluctuate at a low level, the market wait-and-see atmosphere did not abate, and traders made some small concessions to seek transactions
.
Downstream factories purchase on demand, and the market transaction is general
.
PP prices in the northwest region are weak and downward, and most quotations are lowered by 50-80 yuan / ton
.
Futures fluctuated to the downside, and merchants actively shipped to seek transactions
.
Downstream factories are cautious in purchasing real transactions, and real transaction negotiations are the mainstay
.
PP prices in the northeast have moved
steadily.
The ex-factory price of petrochemicals is stable, which forms a certain cost support
for the market.
Futures are running low and have limited
impact on market sentiment.
Traders accompanied the shipment, downstream factories were cautious, and the market transaction was weak
.
