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Crude oil plummets, PP pellet market resumes decline

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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On Saturday, Saudi Arabia slashed the price of crude oil it sells to markets including Europe, the Far East and the United States, the largest discount in more than 20 years

On Saturday, Saudi Arabia slashed the price of crude oil it sells to markets including Europe, the Far East and the United States, the largest discount in more than 20 years
.

On the one hand, the slump in crude oil has caused the plastic cost support to plummet, especially the cost support of oil-made polypropylene collapsed instantly .
According to Zhongyu Information, the cost of oil-made polypropylene dropped by nearly 1,000 yuan/ton

On the one hand, the sharp drop in crude oil has caused a sharp drop in the cost of plastics, especially the cost of oil-made polypropylene
.

At present, from the perspective of the polypropylene market, most of the ex-factory prices of petrochemicals and CNPC are still supporting the market, and some areas have raised ex-factory prices within a narrow range
.

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