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The PP market continued to decline, ranging from
50-100 yuan / ton.
Petrochemical partially lowered the ex-factory price, which further weakened from the support of the cost side; Futures open low and wide volatility is difficult to give strong confidence support
.
According to news, petrochemical inventories hit a new high since May 3, and short-term supply pressure is expected to increase
.
Traders actively ship and sell with small concessions; The enthusiasm of downstream factories to receive goods is limited, and the market trading atmosphere is light
.
The mainstream price of wire drawing in North China market is 9700-9800 yuan / ton, the mainstream price of wire drawing in East China market is 9700-9850 yuan / ton, and the mainstream price of wire drawing in South China market is 9750-9850 yuan / ton
.
PP prices in North China are mostly stable
.
The price of petrochemical plants is stable, traders mainly ship with them, and the quotation is generally stable
.
There has been no significant improvement in downstream demand, factories purchase on demand, and trading is flat
.
The price of PP in South China is narrowly sorted, and the supply is general
.
Futures weakened slightly, did not form a significant drag for the time being, petrochemical price stabilization has a certain cost support for the source of goods, merchants adjust prices
according to their own inventory.
Downstream factories continue to purchase on demand, and the real transaction is mainly a single negotiation
.
PP prices in East China were partially lower
.
Petrochemical lowered the factory price, weakened market confidence, futures volatility, and the spot market partially loosened
.
The factory purchases on demand, and the market transaction situation is average
The price of PP in central China is stable and small, and the supply of goods is average
.
Petrochemical plant prices were stable, supporting the cost of supply, but the volatility of low futures put pressure on the market, and traders adjusted prices
slightly according to their own inventories.
Downstream factories are cautious and wait-and-see, and the transaction continues to be mainly based on real negotiations
.
PP prices in the southwest region are stable and small
.
Petrochemical plant prices are stable, and traders adjust their quotations
slightly according to their own inventory.
Downstream factories purchase on demand and negotiate on a real basis
.
PP prices in Northwest China have mostly been lowered, ranging from
30-100 yuan / ton.
Futures are dragged down by weak downside, terminal high prices are resistant, market trading is not good, and some merchants take the initiative to make profits
from shipments.
However, there is not much supply of resources in the region, which slows down the market decline to a certain extent
.
PP prices fluctuated
in a narrow range in the northeast.
Petrochemical prices are stable, traders mainly ship with goods, and transactions focus on negotiation
.
