Business: PP continues to rise due to crude oil and US-China trade war

Release time:

2018-08-11

The PP market has continued to rise since the end of July. At present, the main reason is the rise in crude oil prices, the devaluation of the renminbi, the impact of the Sino-US trade war. The PP market supply and demand situation is flat. Since August, PP prices have soared. According to data from the Business News Agency, the average price of T30S sample companies was 9505 yuan/ton on July 31, and the average price of T30S sample companies was 9991 yuan/ton on August 10, an increase of 5.11.

Business News August 10

One. Price trend

II. market analysis

PP market: PP market prices continue to improve, fluctuations in the range of 50-150 yuan/ton. The current wire drawing material is 10050-10400 yuan/ton. North China market wire drawing material reported 9950-10200 yuan/ton, East China market wire drawing material reported 9900-10100 yuan/ton, South China market wire drawing material reported 9950-10300 yuan/ton. The mainstream price of wire drawing in North China market is 10150-10200 yuan/ton, that in East China market is 9900-10100 yuan/ton, and that in South China market is 9950-10000 yuan/ton.

Three. After the market forecast

At present, the price of PP has risen to a high level, and downstream merchants have a greater resistance, resulting in increased transaction resistance. According to the forecast of the data division of the Business News Agency, the PP market has seen a big rise in the early stage, and should be partially adjusted slightly, and eventually there will be a downward trend of shock.

(Source: Business

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