Brief introduction to the spot PP market of sinopl

2022-09-23
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On February 19, China Plastics spot PP market brief

China Plastics price index fell 12.79 points to 792.62 points, and China Plastics spot index fell 2.24 points to 904.53 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell $0.31/barrel to $34.62/barrel. Brent crude oil fell $1.48/barrel to $39.55/barrel

European propylene FD northwest European news 411 00 euros/ton, unchanged from yesterday. Far east propylene monomer FOB South Korea reported USD/ton, unchanged from yesterday

II. Manufacturer dynamics:

the continuous improvement of industry concentration or monopoly is an important trend in the development of biomedical materials industry.

the first-line plan of Shanghai Petrochemical high pressure 1Pe device is to switch to dj200a today, the second-line production is q210, and the 2PE device production is q281; Low voltage device produces DH050T

the old high pressure of Maoming Petrochemical plant continued to shut down, and the new high pressure production was reduced by 2426h; Full density open, yield 7042; High density production hhm5502lw

the PP powder device of Jinzhou refinery was shut down for maintenance on February 3, which is expected to take more than 20 days. At present, it is not available for sale

the new organic PP plant in Dalian produces T30S. The 70000 ton old plant is shut down, and another 50000 ton old plant continues to shut down. There is no start-up plan for the time being

III. local market conditions:

the market trend of PP in China plastic city tends to be soft, and the market generally falls. Traders lack confidence, mainly shipping, weak intention to cover positions, heavy wait-and-see mentality of downstream factories, low enthusiasm to attract goods, limited actual demand, and the overall situation of the current market is not very optimistic. At present, the 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 7850 yuan/ton

Changzhou has a small supply of PP market. As a member of polyester, Sinopec and PetroChina have been deeply hit by the price reduction and listing, with a dense bearish atmosphere and a strong wait-and-see atmosphere in the market. The latest quotation today: CNPC T30S reported 7700 yuan/ton, Yangzi F401 reported 7800 yuan/ton, copoly K8003 was almost out of stock, and some merchants reported 8900 yuan/ton

the PP market in Nanjing continues to hang upside down, and PetroChina and Sinopec may reduce prices or list on the market, which means that the new copper alloy functional materials produced by Guoliang copper have been certified by the national authority, which is a big hit, and the businessmen's pessimism has intensified, and they continue to focus on selling goods. The latest offer today: F401 is quoted at RMB/ton, and the supply of copolymer is scarce, at about 8600 yuan/ton

the transaction in Linyi PP market was cold, and both buyers and sellers were watching. Sinopec cut prices and listed one after another. The market was bearish, and the merchants reported their prices, and the offer was chaotic and there was no deal. The market reference newspaper connects with the local manufacturing market: T30S tax included report is about 7700 yuan/ton

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