March 6 analysis of the price of plastics raw materials PP
March 6 analysis of the price of plastics raw materials PP
A brief description of the market
The market price of PP market has been stable and has a slight weakening trend. Crude oil has fallen/futures are weak, traders are not stable, and lack of confidence in the aftermarket, some of them properly make way for the goods. The downstream demand is still not getting better, the more the market, with the use, the overall transaction is not good.
Ii. Brief introduction of the upstream market
On Wednesday, U.S. crude oil futures prices fell to its lowest level in more than two weeks, the New York mercantile exchange for delivery in April WTI crude oil futures settled down $1.88 at $101.45 a barrel, or 1.8%, the intercontinental exchange (ICE) London brent crude oil futures settled down $1.54 to $107.76 a barrel, or 1.4%.
On Wednesday (March 5), FOB south Korean propylene quotation was held at 1379.50- $1381.5 / ton.
3. Market conditions everywhere
Market price small drop, deal situation general.
Qilu chemical city PP market downtrend obviously, today quotation shocks to go down, but the downstream look thick, transaction light. Datang L5E89 for 10750 yuan/ton. Qingdao T03 at 10,900 yuan/ton, Qingdao V30G at 10950 yuan/ton, jinan Y24 at 11100 yuan/ton.
The guangzhou PP market offer has lost more than 100 yuan, petrochemical and middle oil prices at yesterday's price, the market to see a lot of cheap shipping, the firm can talk. Reference price of market drawing wire: datang/shenhua L5E89, 10850 yuan/ton, fushun L5E89 and 50 at 10,900 yuan/ton, qinzhou L5E89 and 50 at 10,900 yuan/ton.
Crude oil curbed futures downward, hangzhou PP market pessimism, today offer lower obvious: ningbo fuld T30S at 10800 yuan/ton, three circles T30S at 10800 yuan/ton, zhenhai T30S at 11150 yuan/ton, Y26SY at 11000 yuan/ton, zhenhai M30RH at 11600 yuan/ton, zhenhai EPC30R at 11400 yuan/ton.
Iv. Latest quotation
1. Petrochemical quotation
Ningxia petrochemical PP northwest sales company drawing T30S list price 10,900 yuan/ton, stock general, sales situation is still available.
Lanzhou petrochemical PP northwest sales company rasse T30S listed price 10950 yuan/ton, woven bag F401 listing price 10950 yuan/ton, stock general, sales situation is still available.
CPC northwest sales branch, dushanzi petrochemical PP wiredrawing T30S listed price 10950 yuan/ton, in xinjiang S1003 listed price 10900 yuan/ton, in xinjiang K8003 / EPS30R xinjiang listing price 11350 yuan/ton, tube material T4401 listing price 11900 yuan/ton, inventory, sales well.
2. Market quotation
At the end of 15th, the price of the Chinese plastic spot PP was mixed, ranging from 50-800 yuan/ton. 1120 / Formosa ningbo lowest at 11500 yuan/ton (+ 80), BH/LAN port petrochemical lowest at 11250 yuan/ton (up to 50), F401 / yangzi petrochemical lowest at 11700 yuan/ton (fall 100), prudential H110MA/India lowest at 11100 yuan/ton (fall 100), Asia HP120G/may the lowest quote 11000 yuan/ton (fall 250), M1600 / hyundai lowest at 11900 yuan/ton (fall 150), Shanghai secco S1003 / lowest at 10950 yuan/ton (fall 200), T30S/ningbo wo yuan minimum at 10850 yuan/ton (30), T30S/daqing petrochemical lowest at 11050 yuan/ton (50).
5. Prediction of future market
The lower price of the petrochemical factory, and the weakening of the market support, also aggravate business concerns. Most of the traders are accompanied by the shipping, the offer is motivated, the firm is a single talk; The downstream factory was cautious and kept on demand, and the market was light. In the short term, the PP market is expected to remain volatile.
