SunSirs: China PP Daily Review on November 10
November 11 2021 14:08:34 SunSirs (Selena)
According to the data monitored by SunSirs, the PP market was stable on November 10, and the spot prices of various brands were strong. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,550 RMB/ ton. The price of raw propylene fluctuated after the recent decline, and the price temporarily operated weakly and stably. At the same time, the power coal continues to be weak, and the PP cost side support is weakened. At present, the demand for PP is general, and the follow-up of downstream purchasing is weakening. It is expected that the recent PP market may be dominated by weak consolidation in China.
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