SEPTEMBER 16,2019

PP Dollar Daily Review: Small Spot Price Rise and Better Trading

2019-09-16 17:10

Today's PP dollar market price is driven by the domestic market, the offer slightly increased, but due to some foreign investors in October-December gathered at $960/ton, close to the transaction price, to a certain extent, to suppress the increase in goods prices in recent months. As import prices continue to hang smoothly and terminals actively offer, goods have been in a slight shortage in recent months and turnover volume. In terms of price, the mainstream price range of market convergence is between 990 and 1000 US dollars per ton, some Vietnamese duty-free goods are between 1040 US dollars per ton, the mainstream price range of copolymerization is between 1100 and 1050 US dollars per ton, and some random goods are between 1080 and 1170 US dollars per ton. Zhuo Chuang believes that the short-term support of PP dollar quasi-spot supply is relatively strong, the price of goods affected by cost in the distant month is difficult to rise sharply, and the price of wire drawing tomorrow may be in the range of $990-1000 per ton.

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