Last week, PP market
Last week the domestic PP market price showed a narrow pattern of consolidation, the overall volatility small petrochemical stocks as a whole, the price is still very intentions, under the condition of off-season terminal purchases still remain just the main supply and demand more overall light, market guidance Little effort.Small business outlook a bit confused, most still follow the futures trend narrow range adjustment, control inventory cautious wait and see.As of last Friday, drawing mainstream quotations at 8900-9200 yuan / ton, the mainstream of the copolymer offer 9300- 9600 yuan / ton.
Good:
(1) petrochemical stocks decline.
(2) Part of the new price stability of Sinopec early in the month, the spot cost support is acceptable.
(3) Downstream enterprises operating rate is stable, the raw material just be acceptable.
Negative:
(1) This week, businesses have opened bids, the market supply will gradually increase.
Market forecast
This week the domestic PP market is still expected to decline in the price of 50-100 yuan / ton, the beginning of the month traders billed, the market increased circulation of resources, pressure on the market. Supply side look, Datang restart, Shenhua coal-fired polypropylene plant will also be open A production line 1102K, and no new maintenance program in December, the supply gradually increased.Demand demand, downstream products companies demand for thin-walled injection molding material better, while others such as plastic woven, household appliances, BOPP business needs in general, more procurement of raw materials Just need to be the main supply increases, the same demand, some of the hedgers to shorten the market bearish attitude, under the adverse impact of the weak downward price of propylene raw materials, businesses will continue to make the promotion of turnover.