AUGUST 21,2019

Summary of Domestic PP Market on August 21

2019-08-21 16:01

Today, the domestic PP market has been slightly adjusted, and some high prices have been slightly lowered, ranging from about 30 yuan per ton. The low volatility of futures suppresses the atmosphere of the spot market. Petrochemical inventory is still acceptable, and the ex-factory price is multi-dimensional and stable. Traders accompany the shipment, some merchants take the initiative to make profits to facilitate delivery, partial tight supply slightly support, downstream terminal demand is flat, more continuous and appropriate amount just needed to purchase, the firm offer is general. The mainstream price of wire drawing in North China market is 8500-8600 yuan/ton, that in East China market is 8650-8750 yuan/ton, and that in South China market is 8800-9050 yuan/ton.

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