Brief introduction to the spot PP market of sinopl

On December 29, China Plastics spot PP market brief

China Plastics price index rose 2.25 points to 736.31 points, and China Plastics spot index fell 0.03 points to 886.94 points

I. upstream express:

crude oil futures rose, raising the prospect of tight supply at the beginning of next year. The settlement price of crude oil futures contract on the New York Mercantile Exchange closed up $2.36, or 6.7%, to $37.71 a barrel. The settlement price of Brent crude oil futures contract on the London Intercontinental Exchange closed higher by 1.76 US dollars. Accura Phoenix provided excellent clarity and high temperature resistance for projet 6000 and 7000 yuan, or 4.8% to US $38.37 per barrel

II. Manufacturer dynamics:

Yanshan Petrochemical PP Yiju switched to K1008 at the weekend; Dimer production 4220; Trimer k8303

the design capacity of Tianjin United PP plant is 70000 tons. The shutdown and overhaul began on September 28. The original plan lasted for days, and then the start-up plan was postponed to March 2009

drawing T30S is currently produced in Fujian United PP plant. Today, the listing price is generally reduced by 300 yuan/ton, the latest drawing T30S listing price is 7200 yuan/ton, and the membrane T36F listing price is 7200 yuan/ton

III. local market conditions:

the PP market in China plastic city continues to be flat, the market is generally stable, and locally fluctuates in a narrow range. As the demand of downstream enterprises remained low, the transaction did not improve. At present, traders are more cautious in operation, unwilling to prepare more inventory, and still focus on short-term. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymers, such as the metal tension and compression test in the material experiment, the mainstream quotation of imported copolymers is yuan/ton, and the mainstream quotation of monofilament powder is 7400 yuan/ton

the PP market demand in Nanjing is light. As new year's Day is approaching, traders' enthusiasm for operation is reduced, quotation fluctuations are small, and transactions are rare; The mainstream quotation of F401 is yuan/ton, and that of T30S is yuan/ton of spray free high gloss materials, but the actual transaction is slightly lower; There are few resources of copolymers, K8003 is reported as RMB/ton, and BL of fibrous materials is reported as RMB 7150/ton

the atmosphere of PP market in Tianjin is cold and there are not many local resources, but the demand is also relatively poor. Middlemen said that there may be more imported materials declared after entering January, and they are not optimistic about the future market. Tianjin Lianhua PP plant continues to be overhauled, and the local resources are mainly PetroChina and Qingdao materials. It is said that Sinopec will release the goods today and settle the accounts tomorrow. At present, the T30S produced in Qingdao is reported to be 7100 yuan/ton, and the copolymerized EPS30R goods are few

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