A brief introduction to the spot PP market of sino

2022-09-23
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On September 5, the China Plastics price index fell 5.91 points to 1298.22 points, and the China Plastics spot index fell 1.94 points to 1319.72 points

I. upstream express:

European and American crude oil futures rose during Asian trading hours and European trading hours on Thursday, but after the release of the U.S. oil inventory report, the international oil price rose to fall, closing at the lowest level in five months. Despite the overall decline in gasoline and key refined oil inventories in the United States, refineries have increased operating rates, and the demand for refined oil in the United States remains weak. At the close of trading on Thursday, the October futures of West Texas light oil on the New York Mercantile Exchange were $107.89 a barrel, down $1.46 from the previous trading day, with a trading range of 106.52 playing an exemplary role of Utilization - $110.60; October Brent crude oil futures on the London Intercontinental Exchange were $106.3 a barrel, down $1.76 from the previous trading day, with a trading range of 105 16 dollars

II. Manufacturer dynamics:

Yangzi Petrochemical first-line production F401, Yangzi Petrochemical second-line unit line has been shut down on August 18, and the production of C180 was started on August 31, with a production capacity of 100000 tons/year; The new line device produces F1002B

Sinopec Shanghai Petrochemical 1pp polypropylene plant shut down on August 14, and it is planned to shut down to about September 22, with a capacity of 120000 tons/year; Dimer produces f800e, while trimer produces m180r

the PP unit of Daqing Petrochemical stopped for maintenance on September 1, and it is planned to be repaired until September 16. Listed for sale today: the latest wire drawing T30S in the province is 13100 yuan/ton; The ex factory price of T38F is 13200 yuan/ton

Qilu Petrochemical PP plant was scheduled to stop on August 29 and set up the vehicle without affecting the experimental results. T30S was started on September 4. It is reported that Qilu Petrochemical will reduce PP production by 4000 tons in September

III. local market conditions:

the market atmosphere of PP in China plastic city is poor, and the market continues to weaken. Due to the low operating rate of downstream factories, limited purchasing power, and traders' short-term operation, the successful signing and receiving intention of the project is weak, and the overall transaction still shows no signs of improvement. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymer is yuan/ton, the mainstream quotation of imported copolymer is yuan/ton, and the mainstream quotation of monofilament powder is 12900 yuan/ton

the atmosphere of PP market in Tianjin is light. There are few sources of goods in the market, few inquiries in the morning, poor shipment, poor downstream demand, and no transaction has been heard. Today, some merchants quote: Daqing T30 newspaper looks very soft and weak, with a price of 12700 yuan/ton; The quotation of TIANLIAN T30S is 12700 yuan/ton, and the quotation of copolymerization is rare. Some merchants quote 13700 yuan/ton

Linyi PP market has few resources, light transactions, a general wait-and-see mentality in the downstream, a bearish mentality of merchants, and a decline in offer. The latest quotation in the market: Zhongyuan T30S excluding tax 12000 yuan/ton, Qingdao T30S excluding tax 11900 yuan/ton, Daqing/Lanhua T30S including tax 12700 yuan/ton

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