Stimulated by favorable factors of petrochemicals, PP market quotations rose

In crude oil, crude oil futures prices reversed gains on Monday (July 17) as signs of strong demand made it difficult to reduce global oversupply
.
The NYMEX crude oil futures contract for August ended down 52 cents, or 1.
1 percent, at $46.
02 a barrel, breaking a five-day winning streak and reaching an intraday high of $
46.
68.

Device dynamics: The second line of Guangzhou Petrochemical PP old plant (60,000 tons/year) will be shut down for maintenance for 45 days on July 1, and the specific start-up time is to be determined
.
Yangzi Petrochemical's 1PP unit Line A will be shut down for maintenance from May 12 and is expected to be overhauled
until July 22.
The 200,000 tons/year PP unit of Shijiazhuang Refining and Chemical Company was shut down for maintenance on July 1, and the work was stopped for about 50 days, and it is expected to be started around
August 20.

In the spot market, the domestic PP market price rose by about
100 yuan / ton compared with July 17.
Today's futures trend is relatively strong, which supports the market
.
Today's mainstream price of wire drawing in North China market is 7850-8150 yuan / ton, the mainstream price of wire drawing in East China market is 8050-8150 yuan / ton, and the mainstream price of wire drawing in South China market is 8100-8200 yuan / ton
.

If futures continue to strengthen in the future, there is no lack of possibility that the PP market will continue to rise, fluctuating at 50-100 yuan / ton
.