PP market banner consolidation to see how post-holiday market interpretation

First, the market briefly describes today's PP market conditions banner consolidation. Due to petrochemical monthly increase and listing, a big boost to the market mentality, some businesses reported slightly higher. Downstream manufacturers continue to be cautious and take a wait-and-see attitude, and their initiative to take delivery of goods is not strong, and there has been no apparent improvement in market transactions.

Second, the upper reaches of the market description of crude oil ** Friday (March 30) closed slightly higher, due to traders in the foreign exchange market earlier this week after the sharp decline in oil prices. The cumulative increase in oil prices this quarter. The May settlement of the New York Mercantile Exchange (NYMEX) for light and low* crude oil prices rose 24 cents to US$103.02 per barrel, or 0.2%.

On Friday, the closing price of the Far East propylene fell slightly by 5 US dollars/ton to close at 1459.5 to 1461.5 US$/ton. The market price fell and traded between the two sides, traders cautiously waited.

Third, the market quotes around the market today offer a slight shock to explore the high PP market. Merchants are actively shipping, and factories are not strong enough to make up their positions, and the overall transaction is somewhat flat.

Wuhan PP market price rose. Market sources are generally low, and traders have little pressure on shipments, and prices are tentatively higher. Downstream factories wait and see the market, and the willingness to get goods is not high.

Xiamen PP market price rose. At the beginning of the month, under the support of petrochemical costs, some traders offered prices tentatively higher. Smaller stock traders, quotations are not enthusiastic. Downstream manufacturers are not willing to take goods, the market wait and see atmosphere is strong.

Chengdu PP market price rose. At the beginning of the month, there was less market guidance information, most traders had little pressure on inventory, tentatively raised quotes and wait-and-see market reactions. Downstream demand is relatively low, and factories are not willing to stock.

Fourth, the latest offer 1, Petrochemical PetroChina South China PP ex-factory price increase 100-300 yuan / ton, pricing sales, inventory is normal, sales in general. The T30S is priced at 11,600 yuan/ton, and the V30G is priced at 11,550 yuan/ton.

PetroChina East China PP ex-factory price was raised by RMB 50/ton, pricing was for sales, inventory was normal, and sales were general. The T30S is priced at 11,300 yuan/ton, and the Z30S is priced at 11,550 yuan/ton.

China Petroleum North China PP's ex-factory price is stable, it is sold at a price, inventory is normal, and sales are normal. The T30S is priced at 11,350 yuan/ton, and the F401 is priced at 11,300 yuan/ton.

2. As of the end of the 15th of the quotation of the mall, part of the plastic spot PP grades rose by 10-600 yuan/ton. Among them, 1102K/Shenhua Ning Coal reported the lowest at 1,1,500 yuan/ton (up 150), H030SG/the Indian Prudential saw the lowest at 11,300 yuan/ton (up 100), and M1600/Korean Hyundai reported 11,850 yuan/ton (up 70), S1003/ Dushanzi Petrochemical reported a minimum of 11,700 yuan/ton (up 350), and T30S/Shaoxing Sanjin reported a minimum of 11,400 yuan/ton (up 50).

V. Market Forecast The data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey Center today showed that China's manufacturing purchasing managers' index PMI was 53.1% in March, up 2.1 percentage points from the previous month. This is a continuous The fourth month went up. This has given a certain boost to the market mentality. Affected by this, most businesses are optimistic about the market outlook, downstream manufacturers are resistant to high-priced goods, cautiously wait and see the market, take the initiative to take delivery of goods is not strong, no significant signs of improvement in market transactions. Since today is the first working day in April, Petrochemical will implement the new ex-factory price. It is expected that under the support of petrochemical costs, the market price of the post-holiday offer will be more likely to fluctuate. However, it is unlikely that transactions will improve.