echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The PP market continues to decline and downstream purchases on demand

    The PP market continues to decline and downstream purchases on demand

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The PP market continued to fall, falling by about
    100 yuan / ton.
    The decline in the morning futures shock affected the confidence of the industry to enter the market, coupled with the petrochemical plant price reduction yesterday and the follow-up mentality of the industry bearish, the market price continued to decline
    .
    The cargo holder is afraid of falling under the strong intention of shipment, the downstream terminal is cautious and wait-and-see, a small amount of just need to purchase, the transaction is more low
    .

    PP

    The mainstream price of wire drawing in North China market is 10350-10450 yuan / ton, the mainstream price of wire drawing in East China market is 10400-10500 yuan / ton, and the mainstream price of wire drawing in South China market is 10500-10700 yuan / ton
    .

    PP prices in North China mostly fell
    .
    Futures fell in early trading, and yesterday Petrochemical lowered factory prices, and the market fell unstoppably
    .
    Downstream on-demand procurement, real negotiation
    .

    PP prices in South China continue to loosen, and the market supply is average
    .
    The wide range of futures fluctuations has limited impact on market sentiment, petrochemical plant prices have been lowered, and cost support has been loosened
    .
    Traders made small concessions and actively shipped
    .
    The enthusiasm of downstream factories to take over is general, and real negotiations are the mainstay
    .

    PP prices in East China have mostly been reduced, ranging from
    50-100 yuan / ton.
    The sharp fall in futures dragged down the confidence of industry to enter the market, and the morning spot trading sentiment was not good, and the real market was flat
    .
    Traders ship hedging and actively reduce prices to facilitate delivery
    .

    PP prices in central China were weak and consolidated, and the tight spot situation eased
    .
    The wide range of futures fluctuations has a certain impact on the market mentality, some petrochemical plant prices have been lowered, and cost support has been loosened
    .
    Traders underreported slightly, accompanied shipments
    .
    Downstream factories purchase on demand, and real negotiations are the mainstay
    .

    PP prices in the southwest region were partially lower, some factory prices were lowered, market prices fluctuated, traders accompanied shipments, and transactions were negotiated
    .

    PP prices in Northwest China were weak, and some quotations were slightly lowered by 50 yuan / ton
    .
    The decline in futures dragged down the mentality, coupled with the poor sentiment of the terminal, traders cut prices to facilitate trading
    .

    PP prices in the northeast edged lower
    .
    CNPC lowered the factory price of some grades, and traders underreported it, focusing on negotiations
    .

     

    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.

    Contact Us

    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.