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The PP market fell slightly, with a range of about
100 yuan / ton.
Morning futures opened low and the decline amplified and severely dampened market confidence, while the local ex-factory price of petrochemical was lowered, and cost support weakened; Traders have a strong hedging mentality and actively make profits to facilitate transactions
.
The wait-and-see mood of the downstream terminal is not reduced, and the small amount of just needs to be purchased, and the transaction is flat
.
The mainstream price of wire drawing in North China market is 10150-10200 yuan / ton, the mainstream price of wire drawing in East China market is 10250-10400 yuan / ton, and the mainstream price of wire drawing in South China market is 10350-10500 yuan / ton
.
PP prices in North China fell
slightly.
Futures were lower in the morning, dragging down spot market quotes lower
.
Traders actively ship, real negotiable
.
Downstream procurement is cautious and trading is flat
.
PP prices in South China were partially lower
.
Traders follow the market to ship, downstream on-demand procurement, real focus on negotiation
.
The price of PP in East China was partially lowered, with a range of around
50 yuan / ton.
The sharp decline in futures dragged down, coupled with the correction of petrochemical plant prices, the spot market trading was weak, and traders took the initiative to make profits to facilitate trading
.
The downstream terminal just needs to be purchased in small quantities, and the real market is flat
.
PP prices in central China fell slightly, and the supply of goods was average
.
The low volatility of futures hit the market mentality, and traders actively gave profits and shipped with them
.
Downstream factories have a bearish mentality, continue to purchase on demand, and focus on real negotiations
.
PP prices in Northwest China are weak and downward, and some grades are lowered by 30-100 yuan / ton
.
The sharp decline in futures dragged down, but the decline in spot prices was not fast
due to the limited supply of resources in the region.
A small number of downstream terminals just need to take over, and the transaction is stable
.
PP prices in the northeast region are weakly adjusted
.
Traders mainly ship with the goods, and the real market focuses on negotiation
.
