SunSirs: China PP Daily Review on November 17
November 18 2021 15:03:54 SunSirs (Selena)
According to the data monitored by SunSirs, the PP market was stable on November 17, and the spot prices of various brands were stable and small. According to the price of SunSirs, the mainstream offer price of T30S (wire drawing) from domestic manufacturers and traders is about 8,390 RMB/ ton. The recent market of raw material propylene has no obvious positive factors, the manufacturer's shipment pressure has increased, and the overall market performance has been consolidated. At the same time, in terms of energy, power coal and crude oil are weak, and PP cost side support is weakened. At present, the PP supply remains stable, the demand is general, and the downstream purchase follow-up is not timely. Merchants have heard a lot of offers to let profits go, and it is expected that there will still be a narrow reduction in China PP market in the future market.
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