SunSirs: China PP Daily Review on November 1
November 02 2021 13:46:43 SunSirs (Selena)
According to the data monitored by SunSirs, the PP market was stable on November 1, and the spot prices of various brands were sorted and operated. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,650 RMB/ ton. The raw material propylene market was stable at a low level today, the recent decline in power coal remained, and the cost side support of PP weakened. In addition, at the beginning of the month, there was a strong wait-and-see atmosphere at the terminal. In terms of downstream purchase, it just needed to take goods, the follow-up was slow, and the merchant trading was poor. It is expected that the recent PP market in China may be dominated by shock consolidation.
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