The hottest PP Petrochemical rose again, driving t

[PP] the rising and re increasing power of petrochemical market shocks upward

I. brief introduction of the market

crude oil futures prices are rising day by day, and the quotations of Sinopec and PetroChina regions are rising in turn, driving the ups of PP market shocks. Downstream demand follow-up is still insufficient, high-level transactions are quite difficult, and spot circulation is mostly small orders. The latest domestic wire drawing/injection plastic is at yuan/ton, domestic copolymer is at yuan/ton, imported copolymer is at yuan/ton, and monofilament powder is at 11850 yuan/ton

II. Brief introduction to the upstream market

the market expects the US crude oil inventory report to show that the US gasoline inventory fell in the recent week. On Tuesday (September 11), nymex10 crude oil futures closed up 63 cents, or 0.65%, at $97.17 a barrel. Brent crude oil futures in October rose $0.59, or 0.51%, to settle at $115.40 a barrel

Far East propylene on Tuesday (September 11): FOB South Korea dollar/ton, down 1 dollar/ton from the previous trading day

III. local market conditions

today's PP market quotation is higher. There is a strong wait-and-see atmosphere in the market, the enthusiasm of downstream factories to receive goods is not high, and the trading atmosphere is general

Changzhou PP market rose due to the petrochemical policy, the market quotation was high and strong, merchants reported negative downstream procurement, and market transactions were depressed. The mainstream price of wire drawing is 11800 yuan/ton, and the copolymer is understated by yuan/ton

the PP market in Yuyao region was driven up by the petrochemical policy, the hardness plate obtained by the market report tended to rise, and the mainstream price of wire drawing was yuan; Copolymerized goods are less than RMB. For this week, most businesses are cautious, and some believe that the lack of shipping power makes it difficult to maintain high prices

Shunde's high offer is strong, the transaction situation is general, and the firm offer is mainly negotiable. The downstream goods receiving is not smooth, which makes the market price high and consolidation dominated. At present, the mainstream of wire drawing is in Yuan and copolymerization is in yuan

IV. in terms of the latest quotation

1. Petrochemical quotation

PetroChina South China PP copolymerization generally increased by 100 yuan/ton. At present, the regional sales are normal, and the inventory is medium and slightly high. Reference quotation: T30S at 11750 yuan/ton, S1003 at 11750 yuan/ton, v30g at 11700 yuan/ton

the price of PetroChina Huadong PP increased by yuan/ton, the regional sales pressure remained, the inventory was medium and high, and the low melt copolymerization was out of stock. The reference quotation: T30S Daqing Petrochemical was 11700 yuan/ton, v30g Lanzhou Petrochemical was 11600 yuan/ton, S1003 Dushanzi Petrochemical was 11700 yuan/ton

the listing price of PetroChina Huabei PP pipes was stable, while copolymerization (except k9928) rose by 150 yuan, and others rose by 100 yuan. Sales in the region are average, and the overall inventory is medium and slightly high. Reference price: T30S at 11750 yuan/ton, S1003 at 11750 yuan/ton, v30g at 11700 yuan/ton

2. The quotation of the mall

as of 15:00, the trademark of the spot PP of sinoplastics has increased by yuan/ton. Among them, 1250/Formosa Plastics Ningbo lowest reported 12000 yuan/ton (up 100), f401/Panjin Ethylene lowest reported 13400 yuan/ton (up 100), j701/Lanzhou Petrochemical lowest reported 11700 yuan/ton (up 200), m1500/Korea Hyundai lowest reported 11600 yuan/ton (up 100), t30s/Shaoxing Sanyuan lowest reported 11900 yuan/ton (up 50)

v. the policy signal of stable growth in the future market is sent again, and it is expected to rebound in the short term. Recently, the national development and Reform Commission approved a number of investment projects totaling nearly trillion yuan, significantly releasing the policy signal of stabilizing economic growth. The Central Bank of China announced on Tuesday that RMB loans increased by 703.9 billion yuan in August, an increase of 155.5 billion yuan year-on-year, higher than the 650billion yuan expected by the market. In view of the optimism of the peripheral economy, the rise of crude oil, and the fact that petrochemical enterprises have raised the factory price one after another, and there are not many sources of goods, the market can complete the process in only 8 seconds. It is expected that the short-term PP market may rise slightly

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