Analysis on the price of plastic raw material PP o

On November 13, the price analysis of plastic raw material PP

I. brief description of the market

PP market confidence is insufficient, and the market continues to fall. Due to the sluggish performance of the upstream side and the lack of improvement in market transactions, traders are worried about the future market, so they can only reduce prices and make profits, and a small number of short-term operations to reduce risks

II. Overview of the upstream market

on Wednesday, the international crude oil futures price fell to a two-and-a-half month low, and the settlement price of WTI light and low sulfur crude oil futures for December delivery on the New York Mercantile Exchange (NYMEX) fell by $1.28 to $42.93 per barrel, down 2.9%. The settlement price of December Brent crude oil futures on the London Intercontinental Exchange (ice) fell $1.63, or 3.4%, to $45.81 a barrel

on Wednesday (November 11), the FOB propylene price in South Korea remained stable at 581 5 dollars/ton

III. local market conditions

market prices are stable and small, and transactions are general

the price of PP in Dongguan market is partially down, and the ex factory price of petrochemicals is reduced. Merchants quote according to their own sources of goods, and the firm offer is tepid

the PP market in Chongqing is weak and the supply of goods is normal. PetroChina Southwest stabilized its price, with volatile futures trend and weak spot trend. Transactions at high prices are not smooth, and traders are mainly active in shipping

the PP price in Shenyang midday market fell slightly. Petrochemical factory prices fell, further weakening the cost support to the market. PP futures rebounded and fell, causing a certain blow to the market mentality. Most traders downbeat the trend; The willingness of downstream factories to receive goods declined, and the market trading atmosphere was cold

IV. the latest quotation

1. Petrochemical quotation

the listing price of PetroChina Huadong PP is stable, with T30S (Daqing Refining and chemical) at 6750 yuan/ton, S1003 (Dushanzi Petrochemical) at 6750 yuan/ton, and Z30S (Fushun Petrochemical) at 7000 yuan/ton

the pricing of PetroChina northeast PP was lowered. L5e89 (Fushun Petrochemical) fell 100 yuan to 6600 yuan/ton, T30S (Daqing Petrochemical) fell 100 yuan to 6700 yuan/ton, and Z30S (Daqing Refining and chemical) fell 100 yuan to 6800 yuan/ton

the listing price of PetroChina Huanan PP is stable, T30S (Dalian organic) is reported at 7050 yuan/ton, l5e89 (Sichuan Petrochemical) is reported at 70, but the profit is higher at 00 yuan/ton, and es1003 (Dushanzi Petrochemical) is reported at 7050 yuan/ton

2. Quotation of mall

as of 15:00, the quotation of some brands of PP in China Plastics' spot has been mixed, with a range of yuan/ton. After too long-term development, the minimum price of 2500h/shenhuaning coal is 7400 yuan/ton (down 100), k8003/Yangzi stone microcomputer controlled cement pressure tester functional features: chemical minimum price is 8150 yuan/ton (down 350), k8025/Taiwan chemical fiber minimum price is 8800 yuan/ton (up 50), m700r/Shanghai Petrochemical minimum price is 8150 yuan/ton (down 250), S1003/Baofeng energy lowest reported 6600 yuan/ton (down 50), t30s/Ningbo Heyuan lowest reported 6700 yuan/ton (down 200), t30s/Zhenhai Refining and chemical lowest reported 6850 yuan/ton (down 200), t30s/Shaoxing Sanjin lowest reported 6750 yuan/ton (down 100)

v. future forecast

the downstream inventory is low or basically no inventory. However, due to small orders or meager profits, the purchase volume is limited, and the actual market demand is light. Similarly, the supply of goods in the hands of traders is not high, but the enthusiasm to cover positions is low, and most of them are depressed, mainly active shipments. Due to the poor performance of all parties, it is expected that the weak situation of PP market in the near future will be difficult to break

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