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Afternoon review of PP market on November 16

 Last Update: 2022-12-14
 Source: Internet
 Author: User

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Yesterday, the PP market price still fell in a narrow range, the range was 50 yuan / ton, polypropylene futures opened high, alleviating the recent pessimism, but some companies of CNPC still lowered the factory price, the cost of supply support is insufficient, traders actively let the profit shipment to clean up the inventory, downstream factories wait and see as they go, the real transaction price is mainly negotiation.

Local market reference: Qingzhou market quotation fall, Shenhua Xinjiang S1003 reported 9800 yuan / ton, Nanjing market offer lower, Fuji S1003 reported 9900 yuan / ton, Guangzhou market weak down, Daqing refining and chemical T30S reported 10200 yuan / ton
.

Today's forecast: It is expected that today's PP market will be weak
.

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