OCTOBER 11,2019

Review of Domestic PP Market Trend Today

2019-10-11 16:30

Today, the domestic PP market fluctuates in a narrow range of 50 yuan/ton. Futures shocks have little impact on the market, with traders mainly accompanying shipments. In recent two days, the price reduction of petrochemical plants concentrated on wire drawing and transparent materials, with slightly loosened costs and poor demand. Some brands of partial wire drawing and transparent materials fell slightly, but the overall spot resources are general, and prices are supported. The spot of injection moulding products is relatively tight, and the market offer is stable. Downstream factories are just in need of purchasing, and morning trading is slightly weaker than yesterday. Today, the mainstream price of wire drawing in North China market is 8500-8700 yuan/ton, that in East China market is 8700-8850 yuan/ton, and that in South China market is 8800-8900 yuan/ton.

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