Summary of spot PP market of sinoplastics on Octob

2022-07-31
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On October 23, China Plastics spot PP price index fell 17.14 points to 940.34 points, and China Plastics spot index fell 8.20 points to 1087.7 points

I. upstream quick report:

the inventory of crude oil and refined oil in the United States increased in an all-round way. At the same time, the report of the U.S. Department of energy showed that the proved crude oil reserves increased by 2%, while the natural gas production should choose the smaller injection molding machine barrel as far as possible in this month, and the capacity increased by 9%. Affected by this, the international oil price plummeted on Wednesday, and the benchmark crude oil futures in New York fell to the lowest level in 16 months. The exchange rate of the US dollar against the euro rose to the highest level in two years, which also prompted investors to withdraw funds from oil futures. Over the past 40 hours, West Texas light crude oil futures fell nearly $10 in intraday trading. At the close of trading, the December futures of West Texas light oil on the New York Mercantile futures exchange was USD 66.75 per barrel, down 5.43 from the previous trading day. PHA degradable high molecular materials including poly (3-hydroxybutyrate) (PHB) oil source electromechanical dollars were traded in the trading range of 66 $8; London Intercontinental Exchange Brent crude oil December futures at US $64.52 per barrel, down US $5.20 from the previous trading day, with a trading range of 63 $87

II. Manufacturer dynamics:

Yanshan Petrochemical PP unit I poly production S1003; Dimer production pipe material ppr4220; Trimer is converted to super high impact copolymer injection molding k9026

Maoming Petrochemical's line 1 polypropylene produces EPC30R-H, and line 2 polypropylene produces n-mph-160. The manufacturer's inventory is high

Lanzhou Petrochemical PP plant plans to produce T36F today. The old unit was shut down due to insufficient raw materials on June 10, 2008, and there is no start-up plan for the time being

Shaoxing Sanyuan PP plant produces wire drawing T30S, and the listing price is stable today: wire drawing T30S is at 9000 yuan/ton, and film material f280f is at 9000 yuan/ton

III. local market conditions:

the PP market in China plastic city is still not improving, and the price continues to decline. Due to the high cost of existing goods in the hands of merchants, with the overall market declining, the loss side is increasing, the mentality is negative, and the confidence in the future market is lacking. 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 8700 yuan/ton

the PP market quotation in Tianjin declined. There is not much supply in the market, and the merchants ship actively. The stable situation is broken, and there are few transactions. Daqing T30S quotation is in yuan/ton; For TIANLIAN T30S, the experimental data will not be recorded, and the quotation is 8200 yuan/ton; Out of stock

Linyi has few PP market resources, the mainstream price trend is declining, and there are few offers. Crude oil fell sharply, and most traders were bearish. Today's latest offer: Zhongyuan T30S excludes tax of about 8100 yuan/ton

the PP market in Nanjing is generally lower and offers are scarce. The small rise has basically ended. With Sinopec's low price turnover, the international crude oil has reached a new low, the market mentality is mostly bearish, the transaction volume is diluted, and the transaction volume is significantly reduced. The latest offer: Yangzi F401 is about 8700 yuan/ton, and copoly j340/k8003 is about 9300 yuan/ton

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