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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
.
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
.