Second, the upper reaches of the market briefly on the New York Mercantile Exchange, crude oil prices rose slightly on February 29, ignoring the impact of higher than expected US crude oil inventory growth. Crude oil inventory data shows that US crude oil demand is weak. NYMEX crude oil for April delivery closed 52 cents, or 0.5%, at $107.07 a barrel.
On Wednesday, the closing price of Far Eastern propylene rose by US$5/ton to close at US$1344.5-1346.5/t. Due to the lack of profitable space, the middlemen are looking for low-priced goods and the enthusiasm for receiving goods is not high.
Third, the local market quotes today PP market prices rose. **Raised quickly after the opening and was given some boost. Downstream factories are mainly wait-and-see and stocks are weak.
Wuhan PP market price rose slightly. The supply of goods in the market is small, and the rapid increase in the price of ** boosts the mentality of market players, and traders use this to report higher prices. The downstream factories take a small amount of goods, looking for low-cost sources.
Beijing PP market price slightly higher. Most businesses are optimistic about the market outlook, shipping enthusiasm is not high, a small report high market observation response. The demand of downstream manufacturers did not significantly improve, and the market inquiry was acceptable.
Changzhou PP market price slightly higher. Most of the traders have little inventory, and the enthusiasm for shipping is not high, and the quotations are up. The signs of improvement in downstream demand were not obvious, and transactions were mainly flat.
Fourth, the latest offer 1, Petrochemical PetroChina East China PP ex-factory price increases, pricing sales, the overall inventory is normal, sales in general. T30S is priced at 10600 yuan / ton, Z30S is priced at 10,800 yuan / ton.
The export price of PP in the northwest of China National Petroleum Corporation was raised and the listing price was sold. At present, the regional stocks are normal and the sales are general. T30S listing price is 10850 yuan / ton, S1003 listing price is 10850 yuan / ton.
China Petroleum North China PP's ex-factory price is stable, the listing price is sold, the manufacturer's stock is not much, the sales condition is fair. T30S listing price is 10550 yuan / ton, S1003 listing price is 10550 yuan / ton.
2. As of the end of the 15th of the quotation of the mall, part of the PP plastics in the spot plastics of the China Plastics Co., Ltd. will rise and fall, with the range of 50-300 yuan/ton. Among them, 1102K/Shenhua Ning Coal reported the lowest price of RMB 10,700/ton (up 80), EP300R/Korea Dalin reported the lowest price of RMB 11,500/ton (up 100), J340/Panjin ethylene reported the lowest of RMB 11,100/ton (up 50), K8003/Yangzi The lowest reported price of petrochemicals was 11,400 yuan/ton (up 300), and that of M1600/Korea was 1,400 yuan/ton (up 10).
V. Forecasting macro market outlook: China's Manufacturing Purchasing Managers' Index (PMI) for February 2012, issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey, was 51.0%, up 0.5 percentage points from the previous month. The PMI continued to rise in February, further clarifying the trend of stabilizing the economic correction. PP price index was 1009.29 today, up 6.17, an increase of 0.61%. As a whole, the spot market's rising momentum has slowed down. Most of the petrochemical companies did not open their bills at the beginning of the month. The market did not arrive much, and the enthusiasm of the merchants was not high. Downstream manufacturers did not see any significant improvement in demand, and their initiative to take delivery of goods was not strong, and continued to form a constraint on the market. It is expected that the market will maintain a slight concussion trend tomorrow.
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