The hottest November 24 China Plastics spot PP mar

On November 24, a brief introduction to the spot PP market of China Plastics Co., Ltd.

China's plastic price index fell 14. At present, the reciprocating screw will launch a new TPE product plastic extruder, which has been booming in the domestic market in recent years 13 points to 733.8 scattered in nominal size 257 × Within the range of 4.5mm, the China Plastics spot index fell 19.06 points to 585.73 points

I. upstream express:

international oil prices fell by 7%, and European and American crude oil futures fell below $50, falling to the lowest level in three and a half years. However, the US stock market rebounded strongly on Friday afternoon, and the international oil price followed closely to stop falling but rose. However, the closing was ahead of the stock market, so the increase was limited. It is estimated that the international oil price may continue to rise during the Asian trading session on Monday. At the close of Friday, West Texas light oil January futures on the New York Mercantile Exchange was $49.93 a barrel, up $0.51 from the previous trading day, with a trading range of 48 12 dollars; January Brent crude oil futures on the London Intercontinental Exchange were $49.19 a barrel, up $1.11 from the previous trading day, with a trading range of 47 14 dollars

II. Manufacturer dynamics:

Yanshan Petrochemical PP unit is converted to S1003; Dimer continues to stop in line with the production restriction policy; Sanju turns to k7726

the Tianjin United PP plant stopped in the early morning of September 28, and has no intention to start in the near future. The preliminary plan will be postponed to next March

Guangzhou Petrochemical PP continues to be listed for sale. The 100000 ton PP plant of Guangzhou Petrochemical produces cjs700; The 60000 ton unit now produces J501. The inventory is general, and the sales turn weak

Shaoxing Sanyuan PP plant is scheduled to be shut down for maintenance for about a week. The listing price is stable today: the drawing T30S is 7000 yuan/ton, the film material f280f is 70 yuan/ton and 00 yuan/ton after the power line is introduced

III. local market conditions:

the PP market in China Plastic City performed poorly, the bearish mood remained, and the business quotation continued to fall, with a decline of basically between yuan/ton. At present, the fundamental resistance of the market still comes from the demand side. Due to the strong atmosphere of fear of market decline, both traders and downstream enterprises dare not accept goods easily, and basically wait-and-see from the market, so it is difficult to increase the overall trading volume of the market. 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 7200 yuan/ton

the PP market quotation in Tianjin continued to decline. There are few sources of goods in the market, and petrochemical may introduce settlement prices today. The mentality of merchants is bearish, and they are mainly active in shipping, resulting in poor transactions in the morning. Some merchants offer: the quotation of Daqing T30S is RMB/ton; TIANLIAN T30S is in scarce supply and has no offer

Linyi PP market has few sources of goods, the quotation is slightly high, the transactions are scattered, and the merchants' mentality is bearish. The latest offer today: Zhongyuan T30S excludes tax declaration of about 6200 yuan/ton, and Qingdao T30S excludes tax declaration of about 6200 yuan/ton

the PP market quotation of Qilu Chemical City fell. The market supply is less, the merchants' mentality is poor, the quotation is lower, and they actively ship. There is a shortage of wire drawing goods in Daqing, and the offer is at yuan/ton; Some businesses of Qingdao large oil refining and wire drawing offer at yuan/ton; There are few copolymers. Qilu Petrochemical EPS30R is quoted at yuan/ton, and eps30ra is quoted at 6900 yuan/ton; Qilu SP179 is quoted at yuan/ton

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