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PP prices fell slightly due to lower futures in early trading

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

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PP weakness adjustment, the range is about
50-100 yuan / ton.
Last night's sharp plunge in crude oil drove today's futures to open low and move low, affecting the market's trading mentality
.
In addition, the price of some petrochemical plants has been reduced, which has further dragged down spot prices
.
There are many bearish factors in the market, traders are afraid of falling and actively shipping, making profits promote transactions, and downstream maintenance just needs to purchase, and trading is light
.

The mainstream price of wire drawing in North China market is 9000-9050 yuan / ton, the mainstream price of wire drawing in East China market is 9150-9200 yuan / ton, and the mainstream price of wire drawing in South China market is 9400-9550 yuan / ton
.

PP price weakness adjustment
in North China.
Affected by the decline in futures in early trading, market quotations were partially loosened
.
Downstream on-demand procurement, real negotiation
.

PP prices in South China fell slightly, and the market supply was average
.
Futures low opening volatility has a certain impact on the market, traders actively let profits
ship.
Downstream factories just need to purchase small quantities, and real negotiations are the mainstay
.

PP prices in East China were slightly consolidated
.
Morning futures were lowered, and spot followed downward, with a range of 100 yuan / ton
.
However, there are not many spot resources to support, and the price decline rate is not fast
.

PP price weakness adjustment
in central China.
Petrochemical plant prices were partially lowered, and futures were lower in early trading, and market quotations were partially lower
.
Downstream on-demand procurement, real negotiation
.

PP prices in the southwest region fell
slightly.
Affected by the decline in futures in early trading, spot quotations fell
slightly.
Traders actively ship, downstream on-demand procurement, trading general, real negotiation
.

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