OCTOBER 10,2019

This week's report on PP dollar market turnover

2019-10-10 17:09

After the festival, there are not many foreign offers in the domestic PP US dollar market, and the trading deviation of traders is less than that before the festival. In terms of homogenization, an Indian supplier offered $1,000 per ton for December shipment of homogeneous sources, with average turnover. Saudi foreign companies offer a low price source of $995 per ton, and the pre-festival merchant price is $990 per ton. Traders in East China market offer that India and Russia are all polylaced at $980 per ton, which is difficult to conclude business. Traders offer Saudi Arabia $990 per ton for low-end wire drawing, which is also difficult to be recognized by the market. In terms of copolymerization, the purchasing intention price of the traders continued to decline. Some traders made counter-offers of less than US$1000/ton for Korean goods, while foreign traders offered US$1020-1025/ton for Saudi low-melt copolymerized goods, and traders made even offers, resulting in poor turnover. Offers for duty-free sources in Taiwan and Thailand are $1100 per ton, some with forward letters of credit, and traders counter-offer at a low price. In terms of irregular transparency, a South Korean supplier offered a shipment of $1180 per ton in October, which is expected to make a substantial profit.

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