Hottest spot market on March 16, China Plastics sp

2022-08-12
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[spot market] on March 16, China Plastics spot PP market brief

China Plastics price index rose 0.66 points to 814.18 points, and China Plastics spot index rose 1.58 points to 896.9 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell by US $0.78/barrel to US $46.25/barrel. Brent crude oil fell 0.16 US dollars/barrel to 44.93 US dollars/barrel

Europe propylene FD northwest Europe reported EUR/ton, down 11 EUR/ton from the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, up 19 USD/ton from the previous trading day

II. Manufacturer dynamics: ISO90 is fully implemented, but the European Union still has a very strict standard for its scope and limit of use 01:2000 quality management system

PP unit of Yan'an refinery produces T30S. There are few T30 waste plastic recycling plants, and the price of S is 7250 yuan/ton

T30S is produced by PP unit of Daqing Petrochemical. The factory is listed for sale, and the latest listing price: T30S is 7700 yuan/ton; T38F is 7750 yuan/ton. The recent sales of the manufacturer are OK, and the inventory is general

the PP plant in Dalian West Pacific will be shut down for maintenance today, and it is expected to be overhauled for about half a month

Hainan refining and chemical PP plant produces T30S. The sales inventory is average, and the sales situation is acceptable

III. local market conditions:

the PP market in China Plastic City coincides with Monday, and the wait-and-see atmosphere is dominated. Most market participants focus on the direction of petrochemical price policy, and the quotation issued by businesses is slightly later than usual. There is not much supply in the market, and the hype mood of merchants is good, but because the demand has not significantly improved, it is very difficult to conclude transactions at high prices. The overall atmosphere of the market is flat, the market remains stable, and some have a narrow consolidation trend

the supply volume of PP market in Tianjin is not large, and merchants often close their plates and wait-and-see, but regret that the goods cannot be delivered. Tianjin United T30S will enter the market from today. At present, the T30S supply in Tianjin market is scarce, and the reference quotation is yuan/ton. The market inquiry atmosphere is good, the market mentality is improving, and the downstream demand is general

Qilu Chemical City has a general supply of PP market, and merchants are not enthusiastic about shipping. T30S' reference quotation is 7800 yuan/ton, while Qilu EPS30R is short of goods, and the quotation excluding tax is 8650 yuan/ton. The overall demand atmosphere is acceptable, and the merchants are optimistic. Most of the merchants' experimental machines have brains and think that the market will rise slightly in the near future

there are few supply sources in the PP market in Linyi, and there is little movement in the downstream. The prices of PP particles and powder are almost the same, and there is room for particles to rise. Latest offer: Zhongyuan T30S is short in goods and high in price, excluding tax of 7400 yuan/ton, Qingdao T30S excluding tax of 7250 yuan/ton, and PetroChina Daqing T30S including tax of 7700 yuan/ton

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