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Upstream formed a favorable support PP market quotations rose slightly

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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crude oil extraction

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This week, the PP market rose on
the back of continued positive petrochemical prices.
Downstream factories maintain just need procurement
.

PP market

In terms of crude oil, crude oil prices have been volatile this week
.
Crude oil futures fell deeply on Friday (July 7), as the dollar soared and oversupply concerns reappeared, and the NYMEX August crude oil futures contract closed down $1.
29, or 2.
8%, at $44.
23 a barrel
.

Domestic PP market prices showed an upward trend
this week.
The price of PP futures fluctuated, and the closing price was 8064 yuan / ton
as of July 14.
This week, PP petrochemical ex-factory prices continued to rise in favor of the market, cost support strengthened, favorable to drive the market price rebound, Monday wire drawing market mainstream price at 7700-8100 yuan / ton, as of Friday wire drawing market mainstream price at 7800-8100 yuan / ton
.
This week, the drawing market rose by
about 100 yuan / ton.

BOPP prices rose slightly this week
, supported by favorable upstream support.
As of Friday, the mainstream price of thick film was about 9600 yuan / ton, and the actual transaction was mainly
negotiation.
However, it is currently in the off-season of film market demand, and most of the buying orders are mainly based on on-demand procurement
.

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