First, manufacturers dynamic PP
This week, the number of petrochemical companies increased in turn, petrochemicals, given the lack of inventory pressure, and the high cost of the upper reaches, pushing up prices, and pricing for sales over the weekend to stimulate confidence in the market. At present, there are more maintenance manufacturers and supply and demand are basically balanced. The current drawing prices are 11000-11200 yuan / ton.
Second, the market trend PP market rose slightly this week. This week, the number of petrochemical companies increased in turn, driving up the price of downstream related markets. Many traders indicated that the tight supply of the market, most of the pressure on the inventory, and more to take a single operation of the sales, so driven by the cost of goods under the market quotes have to rise. Downstream factories are highly resistant to high supply sources, and most choose to purchase on demand.
North China market: Sinopec North China PP pricing sales, Jinan Refinery T36F reported 11,300 yuan / ton, Qilu EPS30R reported 11,350 yuan / ton, Qingdao Petrochemical T30S reported 11,200 yuan / ton, Zhongsha 500N reported 11,300 yuan / ton; PetroChina North China PP listing adjustment , Daqing T38F reported 11,350 yuan / ton, Dushanzi EPS30R reported 11,550 yuan / ton. The price of PP in North China market rose. Reference price in Beijing: Yanshan K4912 at 12,000 yuan/ton, PPR4220 at 13200-13300 yuan/ton, B4101 at 12600 yuan/ton, K8303 at 11750-11850 yuan/ton, and K7726H at 11350-11400 yuan. / Ton, B4912 at 12,100 yuan / ton; Zhongsha HP550J at 11150-11300 yuan / ton, EP200K at 11,700 yuan / ton, Liaotong PA14D at 12,500 yuan / ton, SP179 at 11,300 yuan / ton.
East China Market: Sinopec PP pricing sales in East China, Zhenhai T30S reported 11,200 yuan / ton, Yangtze F401 reported 11,350 yuan / ton; PetroChina East China PP pricing adjustment, Daqing drawing reported 11,200 yuan / ton, V30G reported 11,200 yuan / ton. The price of PP in the East China market has increased. The reference price in Shanghai area: Shanghai Petrochemical T300 is reported at around RMB 11,400/ton, Shanghai SECCO S1003 is at around RMB 11,400/ton, Shanghai Petrochemical M700R is at RMB 11,100/ton; and Shanghai Petrochemical's Y2600T is at RMB 11,500/ton. ; Shanghai Petrochemical M2600R at 11,250 yuan / ton, Shanghai Petrochemical M180R at 11250-11400 yuan / ton; Shanghai Petrochemical F800E at 12,050 yuan / ton.
South China Market: Sinopec PP price adjustment in South China, Fulian T30S reported 11,200 yuan / ton, 1104K reported 11,050 yuan / ton, Maoming EPS30R reported 11,400 yuan / ton; PetroChina South China PP price adjustment, Daqing T30S reported 11,300 yuan / ton, Dushanzi K8003 Reported 11,500 yuan / ton. The price of PP in the South China market rose. The reference price quoted in Xiamen: Fulian T30S reported 11300-11350 yuan/ton, Fulianlian 1080K reported 11,300 yuan/ton, and Fulian 1100N reported 11,250 yuan/ton.
Third, the market outlook predicts that the price adjustment of petrochemical price adjustments will continue to increase, and at the same time stimulate the business mentality to improve. At the same time, the overhaul of manufacturers will make the situation of oversupply of the market get more relief. Most businesses do not have much inventory, and their willingness to ship will decline. However, there is no sign of improvement in the downstream manufacturers, and there is little willingness to actively prepare for stocking. Business analyst Xue Jinlei expects the PP market to rise slightly in the short term.
This week, the number of petrochemical companies increased in turn, petrochemicals, given the lack of inventory pressure, and the high cost of the upper reaches, pushing up prices, and pricing for sales over the weekend to stimulate confidence in the market. At present, there are more maintenance manufacturers and supply and demand are basically balanced. The current drawing prices are 11000-11200 yuan / ton.
Second, the market trend PP market rose slightly this week. This week, the number of petrochemical companies increased in turn, driving up the price of downstream related markets. Many traders indicated that the tight supply of the market, most of the pressure on the inventory, and more to take a single operation of the sales, so driven by the cost of goods under the market quotes have to rise. Downstream factories are highly resistant to high supply sources, and most choose to purchase on demand.
North China market: Sinopec North China PP pricing sales, Jinan Refinery T36F reported 11,300 yuan / ton, Qilu EPS30R reported 11,350 yuan / ton, Qingdao Petrochemical T30S reported 11,200 yuan / ton, Zhongsha 500N reported 11,300 yuan / ton; PetroChina North China PP listing adjustment , Daqing T38F reported 11,350 yuan / ton, Dushanzi EPS30R reported 11,550 yuan / ton. The price of PP in North China market rose. Reference price in Beijing: Yanshan K4912 at 12,000 yuan/ton, PPR4220 at 13200-13300 yuan/ton, B4101 at 12600 yuan/ton, K8303 at 11750-11850 yuan/ton, and K7726H at 11350-11400 yuan. / Ton, B4912 at 12,100 yuan / ton; Zhongsha HP550J at 11150-11300 yuan / ton, EP200K at 11,700 yuan / ton, Liaotong PA14D at 12,500 yuan / ton, SP179 at 11,300 yuan / ton.
East China Market: Sinopec PP pricing sales in East China, Zhenhai T30S reported 11,200 yuan / ton, Yangtze F401 reported 11,350 yuan / ton; PetroChina East China PP pricing adjustment, Daqing drawing reported 11,200 yuan / ton, V30G reported 11,200 yuan / ton. The price of PP in the East China market has increased. The reference price in Shanghai area: Shanghai Petrochemical T300 is reported at around RMB 11,400/ton, Shanghai SECCO S1003 is at around RMB 11,400/ton, Shanghai Petrochemical M700R is at RMB 11,100/ton; and Shanghai Petrochemical's Y2600T is at RMB 11,500/ton. ; Shanghai Petrochemical M2600R at 11,250 yuan / ton, Shanghai Petrochemical M180R at 11250-11400 yuan / ton; Shanghai Petrochemical F800E at 12,050 yuan / ton.
South China Market: Sinopec PP price adjustment in South China, Fulian T30S reported 11,200 yuan / ton, 1104K reported 11,050 yuan / ton, Maoming EPS30R reported 11,400 yuan / ton; PetroChina South China PP price adjustment, Daqing T30S reported 11,300 yuan / ton, Dushanzi K8003 Reported 11,500 yuan / ton. The price of PP in the South China market rose. The reference price quoted in Xiamen: Fulian T30S reported 11300-11350 yuan/ton, Fulianlian 1080K reported 11,300 yuan/ton, and Fulian 1100N reported 11,250 yuan/ton.
Third, the market outlook predicts that the price adjustment of petrochemical price adjustments will continue to increase, and at the same time stimulate the business mentality to improve. At the same time, the overhaul of manufacturers will make the situation of oversupply of the market get more relief. Most businesses do not have much inventory, and their willingness to ship will decline. However, there is no sign of improvement in the downstream manufacturers, and there is little willingness to actively prepare for stocking. Business analyst Xue Jinlei expects the PP market to rise slightly in the short term.
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