The hottest short-term PP market will remain stabl

In the short term, the PP market will remain stable

this week, the domestic PP market will continue to be weak and deadlocked, the market has limited circulating resources and poor demand, and the confrontation situation of the balance will continue to be maintained, with a slight downward atmosphere in some regions. Downstream factories did not improve the strength of receiving goods, and continued to buy with use to maintain a low position. Affected by this, middlemen have no incentive to actively hype. Most of them are mainly small-scale brick moving and wait-and-see, and some of them reduce their quotations or sell goods at a small margin. The business mentality is unstable, which adds a layer of confusion and worry to the future development. Although the price of crude oil market has been continuously rising supported by the storm and other favorable conditions in recent days, affected by traditional concepts and the current worrying demand situation of downstream factories in the market, the favorable conditions of crude oil rise are unable to transition to the long-standing stalemate in the plastic market. This week, the market still shows a flat deadlock. For the outlook, it is difficult for most traders to have a strong bullish belief in good elongation after break. However, considering the limited spot resources, most merchants also believe that there are considerable resistance factors to the market decline in a short time

this week, the PP raw material market in Yuyao China plastic city was weak and fell slightly. Although crude oil prices rose continuously, the warehouse receipt market fell all the way, affecting the PP spot market to a certain extent. The supply and demand fundamentals of 329 muffler in the current market do not highlight the obvious advantages of any party, so the fundamentals are unable to support the sharp rise and fall of market prices. The marketable resources in the market are still limited, but the same downstream demand is still worrying. Traders operate cautiously, and their wait-and-see mentality is obvious. Individual shipments in the market are at low prices. At the weekend, the latest mainstream quotation of domestic materials for wire drawing/injection molding was yuan/ton, and the mainstream quotation of domestic copolymerized materials pellethane thermoplastic polyurethane (TPU), tecoflex thermoplastic polyurethane (TPU), tecothane thermoplastic polyurethane (TPU), isoblast etpu and carbothane thermoplastic polyurethane (TPU) was yuan/ton

situation in other regions: the price of wire drawing in Dalian market this week is about 12000 yuan/ton; The quotation of b4101 pipe in Beijing market is about 12350 yuan/ton; The price of wire drawing in Puyang market excluding tax is about 11220 yuan/ton; The quotation of T300 in Shanghai market is about 12200 yuan/ton; The quotation of wire drawing n-t30s in Guangzhou market is 12050 yuan/ton, and the quotation of wire drawing in Shunde market is yuan/ton, excluding tax; The quotation of drawing T30S in Chengdu market is about 12050 yuan/ton; The quotation of drawing T30S in Wuhan market is RMB/ton

trends of domestic manufacturers: in terms of Sinopec, the ex factory price of Jingmen Petrochemical wire drawing was reduced by 70 yuan, and the film material was reduced by 20 yuan; Yanshan Petrochemical reduced some pipe materials by 300 yuan. PetroChina did not do much this week, and its prices in East China were reduced by yuan; The ex factory price of North China Petrochemical casting film (CPP) was reduced by 50 yuan. In addition, Yan'an refinery reduced its price continuously this week, basically by 50 yuan per day. In terms of devices, Jingmen Petrochemical PP device stopped due to minor failure on August 29 and started up on September 3; Liaoyang Petrochemical PP plant is scheduled to start shutdown and maintenance on July 10 for about three months; At present, the PP unit of Qianguo refinery is under shutdown for maintenance. The shutdown time will start on July 15. It was originally planned to start at the end of August, but now the start-up plan is postponed to the middle of September; The PP plant of Daqing Refining and chemical company began to shut down for maintenance for more than a month on the evening of August 20; Dushanzi Petrochemical started the planned shutdown and maintenance for one month on August 4, and then resumed operation in early September

prediction: on the whole, although the upstream market performs well and the overall social resources are not much, the demand situation in the downstream has basically not changed, prompting most traders to have doubts about the recovery of future demand. The enthusiasm to enter the market is generally not high, and basically follow the market. If the market wants to rise steadily, it needs a certain time and substantial positive stimulation. It is expected that the short-term PP market will remain stable before the terminal demand has changed its weakness, and there is little room for the market to go down or down

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content