OCTOBER 22,2019

PP USD daily review: price weakness consolidation

2019-10-22 16:04

Today, the market price of PP USD was weak. A Saudi supplier made an offer of 1110 USD / ton for homopolymer, which made it difficult to conclude a deal. Another Saudi supplier made an offer of 1000 USD / ton for homopolymer in the far month, and a small number of traders received goods. The terminal enterprises are cautious about the market in the far month. Although the maintenance plans of Vietnam and Oman support the market to some extent, they are difficult to drive up the price. In terms of price, the market average mainstream quotation range is 1000-1010 US dollars / ton, and the copolymerization mainstream quotation range is 1020-1040 US dollars / ton. In the fourth quarter, there was a certain maintenance support for PP, the price of PP or the whole slowly went up, and the wire drawing price of tomorrow would be 1000-1010 USD / ton.

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