Brief introduction to the spot PP market of China

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On February 9, the price index of China Plastics City fell 0.21 points to 834.38 points, and the spot index of China Plastics rose 1.17 points to 897.28 points

I. upstream express:

the U.S. Senate debated Obama's economic stimulus plan on Friday, and the optimistic expectation of passing the plan boosted the market, with U.S. stocks rising and oil prices rising. New York crude oil futures in March broke through $42 a barrel. However, the U.S. reported the largest decline in employment in 34 years in January. International oil prices fell again after rising. New York crude oil futures fell below $39 in March, but closed above $40. At the close, West Texas light oil March futures on the New York Mercantile Exchange were $40.17 a barrel, down $1.00 from the previous trading day, with a trading range of 38 $68; London Intercontinental Exchange Brent crude oil March futures at $46.21 a barrel, down $0.25 from the previous trading day, with a trading range of 44 48 dollars

II. Manufacturer dynamics:

Panjin Ethylene PP plant shut down on December 9, 2008 due to insufficient raw materials, and the start-up time is to be determined

Maoming Petrochemical PP first-line polypropylene unit produces EPS30R and second-line polypropylene unit produces f280m, and the manufacturer's inventory is relatively small

polyurethane waterproof coating gb19250 ⑵ 003 for line a of Yangzi Petrochemical PP plant is F401, j340 for line B and s1004 for new line

III. local market conditions:

the market atmosphere of PP in China plastic city is mild, and the price continues to rise. Although the downstream demand has not been significantly amplified, the situation of tight resources has not changed significantly. Therefore, most traders have a good mentality, especially the traders who hold goods are still reluctant to sell and take the opportunity to speculate high prices. The latest mainstream quotation of domestic wire drawing/injection plastic is yuan/ton, the mainstream quotation of domestic copolymers is yuan/ton, the mainstream quotation of imported copolymers is yuan/ton, and the mainstream quotation of monofilament powder is widely used for all kinds of wood, such as plywood, particleboard, medium density fiberboard and other wood panels, with a price of 7700 yuan/ton

the supply volume of PP market in Tianjin is relatively small, and the quotation continues to rise. Today, the quotation of merchants is not much. The quotation of T30S is 8150 yuan/ton, and the EPS30R is short of goods. The overall search atmosphere is general, and there are few transactions at high prices

there are not many sources of goods in the PP market in Nanjing. There is a strong wait-and-see atmosphere in the market, and the offer is scarce. The psychology of waiting for Sinopec to raise prices accounts for the majority. Today's latest offer: wire drawing F401 is about 8150 yuan/ton, copolymerization K8003 is 8700 yuan/ton, and j340 is 8450 yuan/ton

some quotations in Beijing PP market continued to rise slightly. Today, the market is bullish, and downstream demand has started. Most businesses believe that the recent upward trend of the market will continue

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