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Analysis of domestic polypropylene market

wallpapers News 2020-06-29

After the National Day holiday, the domestic polypropylene market rose fell, rose again at the end of October.

Taking Tianjin United T30S in North China market as an example, the mainstream price of the market rose from 11600 yuan / ton at the beginning of the month to the highest 11900 yuan / ton in the middle of the month, with the overall increase of about 300 yuan / ton.

after the middle of the month, the market price fell slowly, falling to about 11700 yuan / ton at the lowest level, then rose again to above 11900 yuan / ton at the end of the month.

According to the analysis of Yan Kai of Guangdong Plastics Exchange, the crude oil trend had a relatively small impact on the polypropylene market in October, the improvement of the contradiction between supply dem was the main factor leading the market.

In the early ten days of October, East China was affected by Typhoon "fite", which intensified the shortage of goods.

Petrochemical enterprises took the opportunity to transfer factory prices one after another, which greatly boosted the market mentality.

However, the terminal dem did not follow the expansion, downstream factories had strong resistance to high price goods.

After the middle of the year, crude oil fell below US $100 / barrel.

In addition, traders' shipment was hindered, the market price began to decline under pressure, some regions appeared to be hanging upside down.

At the end of the month, Fujian united, Shenhua Ningmei other large capacity units shut down, which weakened the market supply capacity, the situation of tight market supply reappeared.

Petrochemical production enterprises adjusted to the trend.

However, at the end of the month, most traders' own stocks were on the low side, they were reluctant to sell at a low level.

The market offers continued to go up, some brs were short of goods, the prices of some brs reached an annual high.

In the future, the PMI of HSBC China in October was 50.

9 to a seven month high, the output of China's manufacturing industry increased for the third consecutive month, reaching the fastest growth rate since April.

In addition, the meeting of the Federal Reserve confirmed the continued implementation of quantitative easing policy, the good news from the macro perspective has effectively supported the market.

However, in the short term, the petrochemical plant is shut down for maintenance, it is difficult to effectively improve the market arrival situation.

It is expected that polypropylene will continue to rise in the future.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.