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SunSirs: China PP Daily Review on November 22
November 23 2021 14:08:54SunSirs(Selena)

According to the data monitored by SunSirs, the PP market was stable on November 22, and the spot prices of various brands decreased. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,310 RMB/ ton. In terms of raw propylene, enterprises mainly complete orders from old customers, lack new orders, lack of downstream gas, and the market is dominated by bad news. At the same time, in terms of energy, crude oil is weak, power coal is sideways after falling, and PP cost side support is general. At present, the supply of PP has increased slightly, the demand is general, and the downstream purchase follow-up is not timely. It is expected that there will still be a narrow reduction in the PP future market in China.

 

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