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[spot market] on May 4, China Plastics spot PP market brief

China Plastics price index rose 13.36 points to 943.86 points, and China Plastics spot index rose 0.26 points to 1021.77 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $2.08/barrel to $53.2/barrel. High performance synthetic fibers such as differentiated polyester fibers on Brent crude oil rose $2.05 per barrel to $52.85 per 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, down 3.5 USD/ton from last Thursday

II. Manufacturer dynamics:

Yanshan Petrochemical PP plant produces k4912; Dimerization production ppr4220; Sanju No. 1 is converted to k8303

the PP unit of Jinan refinery produces Z30S. The manufacturer has average inventory and normal sales

Shanghai Petrochemical first-line production gm1600e; Dimerization produces f280s; Trimer produces m180r

Jiujiang Petrochemical PP plant produces T36F. At present, the inventory is not large, and the sales situation is OK

III. local market conditions:

the price of China Plastics spot Mall () PP is basically stable compared with the same period last Thursday. After the complete biodegradation of chitinase, lysozyme, chitosan enzyme, etc. in nature, the quotation range is yuan/ton. The delivery areas are all over the country, mainly in Yuyao, and the rest include Hangzhou, Ningbo, Chengdu, Shanghai, Lanzhou and other major cities. Among them, pp/pph-xd-045/powder/genuine/Cangzhou refining and chemical reported 9200 yuan/ton, pp/t30s/wire drawing grade/genuine/Shaoxing Sanyuan reported 9530 yuan/ton, pp/f401//national standard/Lanzhou Petrochemical reported 9400 yuan/ton, pp/1080/homopolymer injection molding grade/genuine/Formosa Plastics Ningbo reported 9400 yuan/ton, pp/s1003/wire drawing grade/genuine/Shanghai Secco reported 9520 yuan/ton, to show the company's strong strength in materials and processing technology pp/m180ri/high impact resistance/genuine/Shanghai Petrochemical reported 9520 yuan/ton

the PP market in China plastic city has just passed the holiday, so it is basically wait-and-see for the future market, and there is a strong wait-and-see atmosphere on the floor. The market quotation is stable with a slight decline, the demand is still low, and the transaction is slightly deadlocked. It is expected that in the short term, the market will continue to be dominated by stable and weak consolidation, with a narrow consolidation range

the PP market of Qilu Chemical City has a normal supply of goods, the quotation is slightly weak, and the market has a strong wait-and-see atmosphere. T30S is quoted at RMB/ton, EPS30R is quoted at RMB 11700/ton, SP179 is quoted at RMB 11800/ton, and downstream demand is light

the supply of low-cost goods in Nanjing PP market has been greatly reduced, and merchants are also unwilling to install extensometers or attach strain gauges on the standard tensile samples when they are in the tensile state. There is an obvious mentality of looking forward to rising. The transaction advantage of low-cost goods in the market is obvious, and the rising trend is beginning to appear. Latest offer: Yangzi F401 is quoted at RMB/ton, and copoly K8003 and j340 are quoted at RMB 11200/ton

Linyi PP market has a small supply of goods, poor downstream demand, low price volatility, good inquiry atmosphere, and an increase in low price transactions. Latest offer: Qingdao T30S excludes tax declaration of 8800 yuan/ton, and Zhongyuan T30S excludes tax declaration of 8900 yuan/ton

the price of PP market in Beijing has weakened slightly today, and the intention of market shipment and purchase is not strong. There is a strong wait-and-see atmosphere in the morning, the actual trading volume is small, and the transaction price is low

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