Brief introduction to spot PP market of sinoplasti

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On July 9, 2009, China Plastics spot PP market brief introduction

China Plastics price index reported 973.02 points, down 7.17 points. The China Plastics spot index rose 6.16 points to 1018.65

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell $2.79/barrel to $60.14/barrel. Brent crude oil fell 2.80 USD/barrel to 60.43 USD/barrel

Europe propylene FD reported euro/ton in northwest Europe, unchanged from the previous trading day. Far east propylene monomer FOB Korea reported USD/ton, down 2.5 USD/ton compared with the previous trading day

II. Warehouse receipt dynamics:

in addition to the high modulus of carbon fiber reinforced thermoplastic

at 10:30 today, the China Plastics PP warehouse receipt index closed at 1082.95 points, down 21.34 points. PP main warehouse receipt contracts opened at a low price, showing a trend of narrow range fluctuation towards the lower market, with small fluctuation, and the trading volume decreased compared with the same period of the previous trading day. The latest price of pp0909 was 9640 yuan/ton, down 227 yuan/ton, and the price range was yuan/ton

III. local market conditions:

the listing prices of the main brands of China Plastics spot Mall () PP were mixed. Pp/k8003/Shanghai Secco reported 11000 yuan/ton, up 100 yuan/ton; Pp/m800e/Shanghai Petrochemical reported 10800 yuan/ton, up 300 yuan/ton; Pp/k8003/Yangzi Petrochemical reported 10950 yuan/ton, down 150 yuan/ton; Pp/t30s/Dalian Petrochemical reported 9880 yuan/ton, down 100 yuan/ton; Pp/t30s/Shaoxing Sanyuan reported 10000 yuan/ton, down 500 yuan/ton

the PP market quotation of Qilu Chemical City was slightly loose. The continuous decline of crude oil made the market wait-and-see atmosphere strong. The introduction of the settlement price of petrochemical copolymerization also slightly reduced the market quotation. The downstream demand is cold today. The inquiry atmosphere this morning is general, and the transaction price has little room for negotiation. The traders' enthusiasm for shipment today is OK, and the quantity of supply "Valeo's exterior steering lights and wiper rods are normal

the current price of PP market in Shanghai is basically stable. Crude oil continued to fall, some businesses with positions continued to ship goods, and the price of crude oil fell slightly. SECCO parking still has a certain support for the market, and Secco supply prices are generally high

there were few early quotations in the PP market around the Central Plains, and the prices fell slightly. Crude oil continued to decline, and the pressure on merchants to ship goods increased. Some merchants began to ship goods at low prices. It is reported that Zhongyuan Petrochemical T30S has a quotation of about 9100 yuan/ton excluding tax, some of which are lower, for reference only

some quotations in the PP market in Beijing have fallen slightly, and the market supply is not large. The continuous decline of crude oil has hit the enthusiasm of demand. Too high stretch will lead to head, middle and tail scale errors, and merchants' enthusiasm for shipping will increase. Although the bearish atmosphere is pervasive, due to the cost support, there is little room to talk about the market transaction price, and the downstream mentality is mainly wait-and-see

IV. manufacturer dynamics:

Qilu Petrochemical PP plant produces eps30ra. The manufacturer has very little inventory and the sales situation is average

today, Yanshan Petrochemical announced the settlement price of copolymerization. The daily settlement price of k8303 was 10600 yuan/ton, and the new listing price was reduced by 100 yuan to 10800 yuan/ton

Panjin Ethylene PP plant is converted to j340. The manufacturer doesn't have much inventory, so it doesn't release the goods today. It is expected that the bill can be issued around Friday

PetroChina Huanan PP continues to price today: drawing T30S is at 9900 yuan/ton, film material is at 10100 yuan/ton, EPS30R is at 10600 yuan/ton, and pipe material PA14D is at 12200 yuan/ton. There is not much inventory in the region

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information about the equivalent resistance of the friction pair in the process of friction and wear, and does not mean to agree with its views or confirm the authenticity of its contents

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