Analysis on the price of plastic raw material PP o

2022-10-13
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April 6 PP price analysis of plastic raw materials

I. brief introduction of the market

pp market prices were partially sorted out. The trend of crude oil and PP futures fluctuated, which generally guided the mentality of merchants. Traders maintained accompanying shipments, while the downstream continued to just need to purchase, with little change in trading

II. Brief introduction to the upstream market

oil prices rose slightly on Tuesday, and U.S. benchmark crude oil futures on the New York Mercantile Exchange rose in late trading, closing up 0.5% to 35. We were surprised 89 dollars/barrel. Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, rose 0.5% to $37.87 a barrel

on Tuesday (April 5), the FOB South Korea propylene price fell by $5 to 649 5 dollars/ton

III. local market conditions

the market price is partially adjusted, and the transaction is general

the PP quotation in Chongqing market is mainly stable, the market supply is not large, and the transaction situation is general

the PP price in Quanzhou market is sideways, and the supply of goods is normal. Merchants continue to ship with them and are cautious about the future market. The downstream factory purchases on demand with a firm offer, and a single deal is negotiated

the price of PP in Zhengzhou market was slightly higher. The ex factory price of some petrochemicals increased, which strengthened the cost support of the market. The high level of PP futures fell, which gave a certain boost to the market mentality. Traders ship goods with them, and make a small profit on the firm offer; Downstream factories mainly purchase on demand

IV. the latest quotation

1. Petrochemical quotation

PetroChina North China pp2 What is applicable is to weigh the increase in the listing price of the anti scratch function of gear oil under extreme pressure. T30S (Daqing Refining and chemical) rose 50 yuan to 7450 yuan/ton, h9018 (langang petrochemical) to 8150 yuan/ton, and T30S (North China Petrochemical) rose 50 yuan to 4 7400 yuan/ton after the completion of sample installation

a few listed prices of PetroChina South China PP increased, T30S (Dalian organic) reported 7700 yuan/ton, k4912 (Dushanzi Petrochemical) rose 100 yuan to 9100 yuan/ton, and Z30S (Fushun ethylene) reported 7850 yuan/ton

the pricing of PetroChina Huadong PP is stable, with T30S (Daqing Refining and chemical) at 7550 yuan/ton, T30S (Fushun) at 7550 yuan/ton, and S1003 (Dushanzi) at 7550 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of PP in the spot of Sinochem were mixed, with a range of yuan/ton, of which f401/Yangzi Petrochemical was at least 8300 yuan/ton (down 200), 1120/Formosa Plastics Ningbo was at least 9000 yuan/ton (up 300), eps30r/Zhenhai Refining and chemical was at least 8450 yuan/ton (down 150), m800e/Shanghai Petrochemical was at least 9650 yuan/ton (down 50)

v. future forecast

although the petrochemical quotation is still strong and the overall inventory of the society is not high, the current market continues to rise significantly, and the key resistance still comes from the terminal demand. The downstream factories are not enthusiastic about purchasing, and there is resistance to the high price, so it is difficult to deal in large quantities. It is expected that the PP short-term market may show a narrow consolidation trend

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