A brief introduction to the spot PP market of Chin

As of 10 a.m. on September 16, 2009, China's plastic price index fell 2.13 points to 956.38 points. The China Plastics spot index fell 1.46 points to 1015.97 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $2.07/barrel to $70.93/barrel. Brent crude oil fell 0.09 USD/barrel to 67.35 USD/barrel

Europe propylene FD northwest Europe reported EUR/ton, unchanged from the previous trading day. Far east propylene monomer FOB South Korea reported USD/ton, which was stable compared with the previous trading day

II. Warehouse receipt dynamics:

at 10:30 today, the China Plastics PP warehouse receipt index closed at 1047.58 points, down 3.66 points. PP main warehouse receipts closed high and opened low. After the opening, they fell rapidly, entering the shock downward consolidation range, and the trend fluctuated significantly. The trading volume was basically flat compared with the previous trading day. The latest price of pp0911 is 9450 yuan/ton, down 57 yuan/ton, and the price range is yuan/ton

III. local market conditions:

the listing price of the main brand of China Plastics spot Mall () PP was slightly adjusted, with both ups and downs. Among them, pp/h030sg/India Xincheng reported 9400 yuan/ton, down 50 yuan/ton; Pp/t30s/Zhenhai Refining and chemical reported 9620 yuan/ton, down 30 yuan/ton; Pp/eps30r/Daqing Refining and chemical reported 10800 yuan/ton, up 450 yuan/ton; Pp/k7726/Yanshan Petrochemical reported 11150 yuan/ton, down 50 yuan/ton; Pp/6536a/Formosa Plastics USA reported 10600 yuan/ton, up 200 yuan/ton; Pp/j340/Yangzi Petrochemical reported 10050 yuan/ton, down 50 yuan/ton

the PP market quotation of Qilu Chemical City fell slightly, the merchants' enthusiasm for shipping was ok, and the transaction price was negotiable. The inquiry atmosphere in the morning was light, and most market participants believed that there was still room for a slight decline in the future. Merchants' purchasing intention is weak, and there is little downstream demand. Wood packaging has its particularity

the overall price of PP market in Tianjin fell slightly, and the supply of copolymer EPS30R is not much. There is a strong wait-and-see atmosphere in the market, "In terms of all our plastic industry, the quotation is not much, and the transaction price is one more. The overall market demand is still light, and the transaction is deadlocked. The market supply of wire drawing can be revealed according to Mitsubishi materials, and the downstream demand is mainly on the sidelines.

the price of PP market in Shanghai has declined today. Sinopec East China lowered the listing price yesterday, and the market quotation partially fell. The inquiry in the morning is OK, and the transaction is average.

the quotation of PP market in Beijing is mainly stable, Yanshan It was difficult to sell pipe materials, and the quotation fell slightly. There was also news that Sinopec was interested in listing pipes for sale. The market has a large supply of goods, and the merchants with more goods continue to actively ship. The inquiry atmosphere in the morning market is general, the transaction price is more than one, and the downstream demand is poor

IV. manufacturer dynamics:

PetroChina South China PP was listed today, and the price was stable. The pipe continued to be priced and sold: the drawing T30S was 9650 yuan/ton, the EPS30R was 9900 yuan/ton, the PA14D was 10800 yuan/ton, and the ppb4228 was 10400 yuan/ton. Others are out of stock. There is not much inventory in the region, and the sales are normal

the old PP plant in Fujian union produces T30S, and the new plant line 1 produces 1080k wire drawing material. Line 2 stopped in the morning of September 14 due to failure, and the start-up time is to be determined. The new unit is divided into two production lines, with a capacity of 180000 tons for line 1 and 220000 tons for line 2

Fushun Petrochemical PP plant produces t38fe, and the listing price is stable today: drawing T30S is 9500 yuan/ton, t38fe/rf075 is 9500 yuan/ton. The manufacturer has average inventory and normal sales

Maoming Petrochemical PP first-line unit produces T30S and second-line PP unit produces mphm160. The manufacturer has too much inventory and weak sales

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