Hottest price of plastic raw material PP on April

On April 20, 2016, the price analysis of plastic raw material PP

I. brief introduction of the market

pp market is weak and tends to fall, and the trading continues to be deadlocked. Although the overnight crude oil is rising, PP futures opened low in the morning, coupled with the poor delivery of downstream factories, traders lack confidence in the future market, and continue to make profits and reduce positions

II. Brief introduction to the upstream market

the settlement price of U.S. crude oil futures rose on Tuesday. The benchmark U.S. crude oil futures on the New York Mercantile Exchange rose 3.3% to $41.08 a barrel, and Brent crude oil futures on European ice futures rose 2.6% to $44.03 a barrel

on Tuesday (April 19), the FOB propylene price in South Korea remained stable at 674 5 dollars/ton

III. local market conditions

the market price fell locally, and the transaction was general

the quotation of PP in Chongqing market declined, the market transaction was weak, and the firm offer was mainly negotiated

the PP price in Changsha market was adjusted at a low level. The market trading atmosphere is limited, the offer is low, and the trading is deadlocked

the price of PP in Shantou market continued to decline, and the supply of goods was normal. Petrochemical prices continued to fall, weakening the support for the cost of goods, and merchants continued to sell and reduce their positions. The downstream purchase intention is not high, and the transaction follow-up is insufficient

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of PetroChina Southwest PP is stable. T28fe (Lanhua) is quoted at 7050 yuan/ton, S1003 (Dushanzi) is quoted at 7050 yuan/ton, and l5d98 makes it difficult for management departments, design units and law enforcement departments to choose (Sichuan) at 7050 yuan/ton

the listing price of PetroChina South China PP was reduced. T30S (Dalian organic) fell 150 yuan to 7150 yuan/ton, S1003 (Dushanzi Petrochemical) fell 150 yuan to 7150 yuan/ton, and Z30S (Fushun ethylene) fell 150 yuan to 7300 yuan/ton

the listing price of PetroChina Huadong PP is stable, with S1003 (Dushanzi) at 7100 yuan/ton, v30g (Daqing Refining and chemical) at 7200 yuan/ton, and l5e89 (Fushun with many electronic change experimental machines) at 7050 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of PP in the spot of Sinochem were mixed, with a range of yuan/ton, of which 1080/Formosa Plastics Ningbo was the lowest reported 7500 yuan/ton (down 100), bl/langang Petrochemical was the lowest reported 7400 yuan/ton (down 400), j550s/Hunan Petrochemical was the lowest reported 10600 yuan/ton (down 200), m800e/Shanghai Petrochemical was the lowest reported 9100 yuan/ton (down 100), s1003/Baofeng energy was the lowest reported 6900 yuan/ton (down 100), T30s/Huajin Chemical Industry lowest reported 7150 yuan/ton (down 150), y16sy/Shaoxing Sanyuan lowest reported 7300 yuan/ton (up 50)

v. future forecast

the operation load of downstream factories is limited, the ability to consume resources is not strong, and the market is improving, lacking the fundamental driving force. While many petrochemical manufacturers continue to reduce prices, trade may show different angles. Traders have followed the decline in shipments and reduced positions, resulting in a further reduction in the market focus. It is expected that if there is no obvious positive boost, it is difficult for the short-term PP market to have an optimistic trend