OCTOBER 15,2019

Summary of Domestic PP Market Trend Today

2019-10-15 13:09

Today, the domestic PP market is narrowly consolidated, ranging from about 50 yuan per ton. Today's Futures Volatility is low, which weakens the role of market promotion. In addition, overnight crude oil prices fell, suppressing market prices, and some market quotations yielded slightly. However, Petrochemical ex-factory prices have increased in part, supporting small inertia increases in individual spot prices. Traders often accompany the shipment, downstream terminals continue a small amount of just needed stock, focusing on real-time negotiations, smooth delivery. Today, the mainstream price of wire drawing in North China market is 8750-8750 yuan/ton, that in East China market is 8750-8850 yuan/ton, and that in South China market is 8900-9100 yuan/ton.

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