Hottest price of plastic raw material PP on May 5,

Analysis on the price of plastic raw material PP on May 5, 2016

I. brief description of the market

pp market trend is weak, and the market is down in the intraday. Due to the lack of strong news support, traders lost confidence and made a small profit to promote the transaction. Downstream factories maintain rigid demand for procurement, and their enthusiasm for attracting goods is not strong, and there is no sign of improvement in the actual transaction

II. Brief introduction to the upstream market

oil prices rose and fell on Wednesday. The settlement price of light and low sulfur crude oil futures for delivery in June on the New York Mercantile Exchange rose 13 cents, or 0.3%, to $43.78 a barrel. The settlement price of Brent crude oil futures on the London Intercontinental Exchange (ice) fell 35 cents, or 0.8%, to $44.62 a barrel

on Wednesday (May 4), the FOB propylene price in South Korea remained stable at 704 5 dollars/ton

@5. Whether the panel display function is normal@ 6. Whether the panel key function is normal; 3、 Local market prices

market prices are sorted out, and the transaction is general

the price of PP in Quanzhou market is mainly weak, and the supply of goods is normal. Merchants continue to ship at a small loose price, purchase moderately in the downstream, and deal mainly through negotiation

the price of PP quotation in Xi'an market fell slightly, and the factory purchased on demand, and the transaction remained average

the PP price in Xiamen market declined as a whole, the futures fell in the intraday, the market transaction atmosphere was limited, and the merchants understated the shipment and negotiated the firm offer

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of PetroChina Huabei PP was mostly reduced. T30S (Daqing Refining and chemical) fell 100 yuan to 6800 yuan/ton, h9018 (langang petrochemical) fell 100 yuan to 7400 yuan/ton, and EPS30R (Dushanzi) fell 100 yuan to 7700 yuan/ton

the listing price of PetroChina Huanan PP is stable. T30S (Dalian organic) is reported at 7000 yuan/ton, s reinforcement (plate) extrusion test 1003 (Dushanzi Petrochemical) is reported at 7000 yuan/ton, and l5e89 (Sichuan Petrochemical) is reported at 6950 yuan/ton

the listing price of PetroChina Huadong PP was mostly reduced. The lower pipette of S1003 (Dushanzi) fell 200 yuan to 6850 yuan/ton, T30S (Daqing Refining and chemical) fell 200 yuan to 6850 yuan/ton, and l5e89 (Fushun) fell 200 yuan to 6800 yuan/ton

2. Mall quotation

as of 15:00, the quotations of some brands of PP in the spot of China Plastics Co., Ltd. were mixed, with a range of yuan/ton, of which 1080/Formosa Plastics Ningbo was the lowest reported 7400 yuan/ton (down 200), j340/Korea Xiaoxing was the lowest reported 10900 yuan/ton (up 200), j340/Yangzi Petrochemical was the lowest reported 8100 yuan/ton (down 50), t30s/Shaoxing Sanjin was the lowest reported 7200 yuan/ton (up 150), k8003/Shanghai Secco was the lowest reported 8300 yuan/ton (down 300), K8003/Baofeng energy reported a minimum of 8500 yuan/ton (down 400)

v. aftermarket forecast

at present, the number of short sellers in the aftermarket has increased, and the unease on the floor has gradually increased. On the one hand, the ex factory prices of Sinopec and PetroChina regions have been reduced, which has significantly reduced the support of supply costs; Second, although there are few metal impact testing machines and non-metal impact testing machines in the overall social resources, the demand continues to be weak, and there is no sign of improvement, which also makes market participants lose patience. Therefore, it is expected that the PP market will not improve significantly in the near future, and the market consolidation is likely to be downward