A brief introduction to the spot PP market of Chin

2022-08-16
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On September 23, China Plastics spot PP Market Overview

China Plastics price index rose 4.65 points to 1245.36 points, and China Plastics spot index rose 0.07 points to 1267.31 points

I. upstream express:

the US dollar fell sharply, Saudi Arabia reduced supply, and investors rushed to buy crude oil on the expiration date of October futures in New York, hitting the largest single day increase in history. On Monday, the October futures of West Texas Intermediate base crude oil surged $10 at 1:30 p.m. New York time, up $25.45 a day. At 2:30, October crude oil futures on the New York Mercantile Exchange remained at $122.60 a barrel and expired. On Monday, the settlement price of West Texas light oil October futures on the New York Mercantile Exchange was $120.92 a barrel, up $16.37 from the previous trading day, with a trading range of 103.35. Japanese injection machine manufacturers hope to use this kind of lower cost carbon fiber composite processing technology to manufacture carbon fiber composites - $130.00; November Brent crude oil futures on the London Intercontinental Exchange were $106.04 a barrel, up $6.43 from the previous trading day, with a trading range of 99 11 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant Yiju stopped for minor repair on September 18, and the start-up time is to be determined; Dimer production pipe material ppr4220; Trimer k7726

the PP resources of langang Petrochemical are uniformly allocated in the Northwest Company. It is planned to stop on September 6 and start around September 25. Today, wire drawing F401 is on sale, and the factory listing price in the province is 11900 yuan/ton

the T30S produced by Tianjin United PP plant is scheduled to be overhauled for about 20 days on September 28. Settlement price: the settlement price of T30S is reduced by 600 yuan/ton to 11300 yuan/ton, and the price of copolymer EPS30R is reduced by 400 yuan/ton to 12400 yuan/ton

Qilu Petrochemical PP plant shut down due to insufficient propylene raw materials on the evening of September 18, and the start-up time is to be determined. It is reported that Qilu Petrochemical will reduce PP production by 4000 tons in September. The latest settlement price: T30S is 11300 yuan/ton, copolymer EPS30R is 12400 yuan/ton, copolymer eps30ra is 12400 yuan/ton, automobile special material SP179 is 12400 yuan/ton, qp83n and qp73n are 12400 yuan/ton

III. local market conditions:

although the international crude oil rebounded strongly and returned to the high level, the stimulation to the spot market is limited. The PP market in China plastic city is stable, the market is generally stable, and some parts rise in a narrow range. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 12200 yuan/ton

the PP market in Nanjing rose sharply. Despite Sinopec's high inventory and frequent decline in settlement prices, today's crude oil soared by $16, the enthusiasm of market speculation was unprecedentedly mobilized, the price of brushed acrylic soared, and most businesses were closed for rise. The latest offer today: Yangzi F401 is quoted at 12200 yuan/ton, and copoly j340 and K8003 are quoted at 12200 yuan/ton

the PP market in Linyi is active today, but offers are scarce, and most merchants have closed their offers for rise. The price of crude oil soared by $16, the market mentality was good, and the quotation was higher, but the relationship between supply and demand did not support the soaring price of raw materials. The latest offer today: Zhongyuan T30S does not include tax declaration yuan/ton

the PP market quotation in Tianjin rose slightly. There are not many sources of goods in the market, and there are many inquiries today. The market atmosphere has improved, and the demand has improved. Some merchants have closed their offers without reporting. This offer: Daqing T30S market has less supply, and the offer is high. At the end of the year, the main buildings of the three research institutes can be put into use at yuan/ton; The quotation of TIANLIAN T30S is 12000 yuan/ton, and copolymerization has no offer

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