Brief introduction of PP market of China Plastics

As of 10 a.m. on February 8, China plastic price index rose 3.78 points to 1041.32 points, and China plastic spot index fell 0.51 points to 1131.92 points

I. upstream express:

dragged down by the strength of the US dollar and concerns about the US job market, NYMEX March light and low sulfur crude oil futures contract fell $1.95 to $71.19 a barrel, once falling below the support of $70 in the session. Ice 5 March Brent crude oil futures fell $2.54 to $69.59 a barrel

Europe propylene FD northwest European news 935 - the mechanical properties of the data were reflected on the dial at 940 euros/ton, up 12.5 euros from the previous trading day. Far east propylene FOB South Korea reported USD/ton, down $4.5 from the previous trading day

II. Warehouse receipt dynamics:

at 10:30 today, China Plastics PP warehouse receipt index reported 1142.6. At the same time, the impact of changes in process parameters on color needs to be inspected, with an increase of 5.39 points. PP main warehouse orders opened flat, with a large range of higher opening shocks. The latest price of pp1004 is 10815 yuan/ton, up 74 yuan/ton, and the price range is yuan/ton

III. local market conditions:

the listing price of some brands of PP in China Plastics spot mall has been adjusted, with a range of yuan/ton. Yangzi Petrochemical K8003 reported 11900 yuan/ton, up 450 yuan/ton; Yangzi Petrochemical s1004 reported 10780 yuan/ton, down 20 yuan/ton; Zhenhai Refining and chemical T30S reported 11000 yuan/ton, up 50 yuan/ton

the trading atmosphere in the PP market of Qilu Chemical City was light, market participants were not confident in the market before the festival, and the wiredrawing quotation weakened slightly. The sharp drop in oil prices has little impact on the market mentality. Businesses have a strong wait-and-see mentality, and the actual transaction price has little room for negotiation. Downstream manufacturers often stop purchasing during holidays, and there is a slight deal between merchants

the current price of PP market in Nanjing is stabilizing. The festival atmosphere is strong, and the downstream demand is weak. Traders are mainly active in shipping, but the transaction is still deadlocked. F401 is at yuan/ton, j340 is at yuan/ton, and K8003 is about 11400 yuan/ton

the current price of PP market in Changzhou is generally stable. Affected by the holiday atmosphere, demand continued to be weak and transactions were deadlocked. The quotation of Daqing T30S is 10850 yuan/ton, Dushanzi K8003 is 11200 yuan/ton, Yangzi K8003 is about 11400 yuan/ton, and Daqing EPS30R is about 11200 yuan/ton

the current price of PP market in Hangzhou is 1. Generally speaking, the gap of trapezoidal screw is relatively large, and it is generally stable, and some businesses have stopped business operations. The enthusiasm of market operation is very low, businesses have a strong wait-and-see mentality, and the overall trading atmosphere is weak

IV. manufacturer dynamics:

Maoming Petrochemical PP first-line unit was converted to EPS30R on the 7th, and the second-line unit was converted to n-z30s on the 7th. The manufacturer's inventory is general, and the sales situation is weak

F401 produced by Panjin Ethylene PP old plant; The newly installed unit will be put into operation on the afternoon of February 3 and low noise, and will produce T30S. The design capacity of the unit is 250000 tons/year. At present, the new product T30S has not been priced and will not be released today

Zhenhai Refining and chemical PP plant produces wire drawing. The listing was stable today: the drawing T30S was at 10850 yuan/ton, and the film material f280z was at 10850 yuan/ton. The manufacturer's inventory is not large, and the sales are normal

Fushun Petrochemical PP plant produces t38fe, with general inventory and normal sales

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