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    Home > Chemicals Industry > New Chemical Materials > The downstream order volume is small, and the PP rushes back down

    The downstream order volume is small, and the PP rushes back down

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    The PP1705 contract opened at 8222 yuan / ton, the highest was 8465 yuan / ton, the lowest was 8181, and it closed at 8261, down 12, or 0.
    15%
    on the day.
    The volume increased to 331,500 lots, and the open position increased by 20,504 lots to 303,900 lots
    .

    PP

    Raw material prices: Japan naphtha CF Japan reported 479.
    25 yuan / ton, down 5.
    25; naphtha FOB Singapore reported 52.
    17 US dollars / barrel, down 0.
    59
    .
    ethylene CFR Northeast Asia 1150 US dollars / ton, up 10; CFR Southeast Asia was flat at $1,035/mt
    .
    The CIF price of propylene in China was 850 US dollars / ton, unchanged
    .

    Spot prices: foreign spot market prices were flat, the Far East was flat at $1025 / ton, flat, and China's CIF price was flat at $1025 / ton
    .
    Prices in the domestic market rose slightly; East China Ningbo 8250 yuan / ton, flat; South China Maoming reported 8600 yuan / ton, unchanged
    .

    News side: 1.
    The quotation of Taishan salted PVC was lowered, and the external quotation of calcium carbide 5 type material was accepted around 6200 yuan / ton, and the actual order could be allowed
    .
    The plant area of 100,000 tons/year plant started 7-8 percent, and the shipment was general
    .

    Affected by the Qingming holiday, the downstream order volume is small, and the social inventory has increased slightly, but the device has entered the maintenance season, the overall operating rate has fallen, and the supply pressure in the aftermarket market is expected to ease, coupled with the strengthening of short-term crude oil support for its cost, it is expected that the futures price will maintain a wide range in the short term
    .
    Technically, the PP1705 contract rushed back down, testing the pressure around 8500 above, supporting around 8100 below, maintaining a short-term oscillation in the 8100-8500 range, and recommended range trading
    .

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