OCTOBER 11,2019

Comments on PP Dollar Market Today

2019-10-11 16:32

Today, PP dollar market prices remain stable as a whole. An Indian manufacturer's homogeneous offer in December is $1020/ton. Domestic trading enterprises have poor acceptance of this price. It is difficult for them to conclude a real offer. It is difficult for them to effectively promote the market price. Some small orders of terminal enterprises are mainly purchased from spot, and it is difficult for them to conclude a long-term transaction. In terms of price, the market converges in the mainstream quotation range of $990-1000 per ton, some Vietnamese duty-free sources of $1050 per ton, and the mainstream quotation range of $1000-1030 per ton. Although some foreign businessmen have raised the offer price, the short-term price of PP US dollar is difficult to rise sharply because of the poor domestic acceptance. Supported by macro factors, the downward space of prices is also limited. In the short term, the main trend is to stabilize the small and medium-sized rise. Tomorrow, the price of wire drawing will be between $990 and $1000 per ton.

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