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SunSirs: China PS Market Analysis on July 9

July 10 2020 11:34:06     SunSirs (Selena)

WTI crude oil futures settlement price in August 2020 was $40.62/ barrel, down $0.01/ barrel, or 0.02%, with the trading range of $39.9-40.95/ barrel; the futures settlement price of Brent crude oil in September 2020 was $43.08/ barrel, down $0.02/ barrel, or 0.05%, with the trading range of $42.46-43.45/ barrel.

Market Analysis

Price: the mainstream quotation of GPPS is 8,200-9,300 RMB/ ton, and that of hips is 8,450-10,200 RMB/ ton. China PS market trend is mainly stable, with a small drop in quotation. Market inquiry atmosphere is general. Small and medium-sized downstream enterprises still purchase on demand, and the actual transaction is slightly light.

Market Forecast

PS market overall stability, local offer small decline. Businesses are more cautious trading, small and medium-sized downstream users mainly purchase on demand, and the overall market trading atmosphere is slightly flat.

 

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