Summary of spot PP market of sinoplastics on Novem

2022-07-23
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November 21 China Plastics spot PP market brief

China Plastics price index fell 19.81 points to 751.39 points, and China Plastics spot index fell 5.30 points to 929.59 points

I. upstream express:

the international oil price fell to the lowest level in three and a half years, and the European and American crude oil futures fell below $49 in intraday trading, closing below $50 a barrel, the lowest since late May 2005. At the close of Thursday, the December futures of West Texas light oil on the New York Mercantile Exchange were $49.62 a barrel, down $4.00 from the previous trading day, with a trading range of 48 30 dollars; London Intercontinental Exchange Brent crude oil January futures traded at $48.08 a barrel, down $3.64 from the previous trading day, with a trading range of 47 Three dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP unit Yiju is restored to full load, and K1008 is now produced; Dimer continues to stop in cooperation with the production restriction policy; Trimeric k9026

Jiujiang Petrochemical PP plant produces wire drawing T30S, and it is preliminarily planned that wire drawing will continue to be produced until the end of this month. Latest listing price: wire drawing T30S will become the mainstream insulation product system in China's building exterior wall insulation Market in the future at 8100 yuan/ton, and membrane T36F will be at 8100 yuan/ton. The output ratio of wire drawing and film material of Jiujiang Petrochemical is about 1:5

Guangzhou Petrochemical PP continued to be listed for sale. The 100000 ton PP plant of Guangzhou Petrochemical produces cjs700; The 60000t unit now produces J501. 12. One set of TestStar professional computer control software based on Windows operating system, with average inventory and weak sales

the Tianjin United PP plant shut down in the early morning of September 28, and it is planned to start up in late November. The latest listing price: rmb7800/ton for T30S and RMB8000/ton for copolymer EPS30R

III. local market conditions:

the market atmosphere of PP in China plastic city is weak, and the market returns to the downward trend. The key reason is that the sluggish terminal demand shows no signs of improvement at all, and the downstream enterprises' reception mood is always on the side of vitality, testing money, low service confidence, and only maintain sporadic procurement; Traders mainly ship goods, and the transaction price can be negotiated, but it is still difficult to ship goods. The latest mainstream quotation for domestic wire drawing/injection plastics is RMB/ton, the mainstream quotation for domestic copolymers is RMB/ton, the mainstream quotation for imported copolymers is RMB/ton, and the mainstream quotation for monofilament powder is RMB 7800/ton

the PP market in Linyi has a small supply of goods, the offer is declining, and the merchants' mentality is bearish. Crude oil fell below $50. It is expected that the base price of this wave of market decline should be lower than the level of 5800 yuan/ton before the price rise. The latest offer today: PetroChina Lanhua T30S reported 6800 yuan/ton including tax, and Qingdao T30S reported about 6500 yuan/ton excluding tax

the price of PP market in Nanjing continues to decline, with crude oil falling below $50, and there is a downward trend. It is expected that this wave of market will fall to a lower level before the price rise. Near the weekend, the market sentiment was dismal. The latest offer was: F401 at 7000 yuan/ton and j340 at 7600 yuan/ton

the PP market quotation in Tianjin continued to decline. There is a small supply of goods in the market. The crude oil has fallen below $50. The businessmen are panicked, the demand continues to be depressed, and the transaction is not smooth. Some merchants offer: Daqing T30S offers 6500 yuan/ton; TIANLIAN T30S is in short supply and has no offer. There are few copolymers and no offer

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