Analysis on the price of plastic raw material PP o

On January 21, the price analysis of plastic raw material PP

I. brief description of the market

the PP market was partially sorted out, and the trading remained deadlocked. Although there are not many sources of goods in the hands of traders, they all take low warehouse transportation as the main, and there is room for negotiation for a firm offer

II. Brief introduction to the upstream market

oil prices accelerated their decline on Wednesday. The settlement price of light and low sulfur crude oil futures for February delivery on the New York Mercantile Exchange fell $1.91 to $26.55/barrel. The settlement price of Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, fell 88 cents, or 2.9%, to $27.88 a barrel

on Wednesday (January 20), FOB propylene prices in South Korea rose $8 to 554 5 dollars/ton

III. local market conditions

the market improves the profitability of per ton steel. The price is stable and small, and the transaction is general

the price range of PP in Changsha market is sorted out. Merchants quote according to their own sources of goods, and there are not many inquiries, so they can share resources and make profits

East light company transferred nearly 100 elite soldiers

the price of PP in Zhengzhou market was adjusted in a narrow range. PP futures fluctuated widely, with limited impact on market mentality. Traders ship goods with them and observe the market reaction; Downstream factories are cautious and wait-and-see, and market transactions are weak

the PP price in Shunde market continues to be slightly sorted out, and the supply of goods is general. Merchants mainly ship goods with them, and downstream purchase on demand. The transaction is a single negotiation

IV. the latest quotation

1. Petrochemical quotation

the listing price of PetroChina South China PP is stable, with S1003 (Dushanzi Petrochemical) at 6400 yuan/ton, v30g (Daqing Refining and chemical) at 6550 yuan/ton, and l5e89 (Fushun ethylene) at 6350 yuan/ton

the listing price of PetroChina Huabei PP was reduced, h9018 (langang petrochemical) was reported at 6800 yuan/ton, EPS30R (Dushanzi) was reported at 7350 yuan/ton, and s2025 fell 150 yuan to 6350 yuan/ton

the pricing of PetroChina Huadong PP is stable, with l5e89 (Sichuan) at 6150 yuan/ton, S1003 (Dushanzi) at 6200 yuan/ton, and T30S (Daqing Refining and chemical) at 6200 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of PP in China Plastics' spot have been mixed, with a range of yuan/ton. Among them, bh/langang Petrochemical was at least reported at 6850 yuan/ton (down 50), k8003/Baofeng energy was at least reported at 7150 yuan/ton (down 100). The most effective way is to reduce the weight of the car as much as possible. M800e/Shanghai Petrochemical was at least reported at 8100 yuan/ton (up 100), t30s/Ningbo Fude was at least reported at 6250 yuan/ton (down 100)

v. future forecast

the shortage of spot goods near the holiday has boosted the traders' mentality, and the bullish mentality has increased significantly. However, insufficient terminal demand is still a key factor hindering the market. Therefore, the sustained rise of the short-term PP market still faces the test of transaction

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