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Yesterday, the PP market price fell by 100-200 yuan / ton, crude oil fell sharply and polypropylene futures opened low, coupled with some companies of CNPC and Petrochemical lowered factory prices, many bearish gathering, traders are pessimistic, actively let the willingness to make profits and shipments enhanced, downstream real cautious on-demand purchase of raw materials, limited trading volume
.
Market reference in various places: Linyi market quotation fall, Shenhua Yulin S1003 reported 9000 yuan / ton, Hangzhou market quotation fell, Shaoxing T30S reported 8850 yuan / ton, Chongqing market price continued to decline, Sichuanhua L5E89 reported 9200 yuan / ton
.
Today's forecast: Overnight crude oil closed higher to boost mentality, and PP market price declines are expected to narrow
today.