The hottest PP Petrochemical prices have been lowe

2022-09-23
  • Detail

[PP] Petrochemical prices have been reduced by turns, and the market weakness is difficult to change

I. brief introduction of the market

the original users do not need to change) the oil has closed three negative days in a row, petrochemical has been reduced in succession, and the market support has weakened. At the same time, the demand performance is still unbearable. The overall atmosphere of the PP market is poor, and most traders actively seek to buy, and the quotation is mainly volatile and downward. The latest domestic wire drawing/injection plastic is at yuan/ton, domestic copolymer is at yuan/ton, imported copolymer is at yuan/ton, and monofilament powder is at 11400 yuan/ton

II. Overview of the upstream market

yesterday, the external market was weak as a whole, and US crude oil fell again. The settlement price of crude oil on the New York Stock Exchange fell $1.98 to $86.67 per barrel in December, the lowest settlement price since July 12. Brent crude oil futures fell $1.19 to $108.25

Far East propylene on Tuesday (October 23): FOB South Korea dollar/ton, unchanged from the previous trading day

III. local market conditions

today's PP market quotation fell. The wait-and-see atmosphere is strong, the enthusiasm of downstream factories to receive goods is not high, and the trading atmosphere is not good

crude oil continued to decline, petrochemical pricing was lowered, and cost support was lacking. The Guangzhou market fell sharply: Maoming T30S reported 11100 yuan/ton, Beihai T30S reported 11000 yuan/ton, Daqing T30S reported 11100 yuan/ton, and Dalian T30S reported 11100 yuan/ton

the offer in Chongqing PP market fell by more than a hundred yuan, and PetroChina Southwest was listed down. Businesses remained bearish about the future market. Factory inquiries were light, and the firm offer was a single talk. Reference quotation for wire drawing in the market: Lanhua T30S is in short supply, Dushanzi S1003 is quoted at 11150 yuan/ton, Dushanzi T30S at 11150 yuan/ton, Qingyang T30S at 11100 yuan/ton; For special materials, Shenhua l5e89 is in short supply, Dushanzi K8003 is in short supply, and EPS30R is in short supply

the PP market in Xiamen fell: Fulian T30S reported 11200 yuan/ton, 1080k reported 11200 yuan/ton, Dalian T30S reported 11200 yuan/ton, Fulian 2800j reported 11350 yuan/ton, 501s reported 11250 yuan/ton. Special materials: 11100 yuan/ton for 1100n, 11450 yuan/ton for K8003, 11300 yuan/ton for Dalian z69s

IV. the latest quotation

1. Petrochemical quotation

Dalian organic PP today's latest drawing T30S provincial listing price of 11400 yuan/ton, T36F provincial listing price of 11400 yuan/ton (the above is the unified sales price of PetroChina northeast). The manufacturer's inventory is general, and the sales situation is acceptable

the latest drawing T30S listing price of Fushun Petrochemical PP today is 11400 yuan/ton, and the listing price of membrane t38fe is 1. At the same time, it meets the performance requirements of high strength, high wear resistance, good size and so on, 1400 yuan/ton. The manufacturer has average inventory and normal sales

the PP unit of Daqing Petrochemical will produce T30S until the end of the month. The latest listing price of drawing T30S is 11400 yuan/ton for natus' third-generation medical echo detection equipment, and the listing price of membrane T38F is 11400 yuan/ton (the above is the sales price of PetroChina northeast). The manufacturer's inventory is not large, and the sales situation is average

2. The quotation of the mall

as of 15:00, the rise and fall of some brands of plastic spot PP were mixed, with a range of yuan/ton. Among them, h030sg/India Xincheng lowest reported 11130 yuan/ton (down 70), j340/Korea Xiaoxing lowest reported 12000 yuan/ton (down 100), m1600/Korea Hyundai lowest reported 11850 yuan/ton (up 50), m800e/Shanghai Petrochemical lowest reported 12450 yuan/ton (down 150), s1003/Shanghai Secco lowest reported 11250 yuan/ton (down 100), t30s/Huajin Chemical lowest reported 11200 yuan/ton (down 100)

v. future forecast

the strong US dollar, the resurgence of worries about Spanish sovereign debt and the weak financial forecasts issued by US companies jointly suppressed commodity prices, resulting in a general sell-off in the commodity market. Under the overall weak financial environment, traders' bearish attitude towards the future market has increased, mainly selling for profit. It is expected that the short-term PP market will also face some downward pressure

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