onlinefishtable| East China wire drawing PP price shocks, concentrated maintenance and cost support lead to the current market situation

News summary

The domestic PP market has recently experienced shocksonlinefishtable, wire drawing prices in East China remain at 7,680 - 7,800 yuan/ton. Affected by the maintenance of existing equipment and the delay in new production capacity, upstream companies strongly support prices. Traders are affected by cost support and spot scarcity, and there is limited room for price concessions. Downstream demand has declined seasonally, and buyers 'resistance to high prices has intensified, constraining the market's rise. PP spot trading is weak, but market sentiment is complex and is expected to continue to fluctuate in the short term in the future.

Newsletter text

[PP market price shocks are sorted out, and the East China wire drawing quotation range is between 7680 and 7800 yuan/ton.] With the recent overhaul of existing equipment and the postponement of new production capacity, upstream companies have shown strong willingness to maintain prices. Traders have limited room for price concessions based on cost support and scarcity of market spot. Faced with seasonally declining downstream demand expectations, buyers are less motivated and their resistance to high prices has increased, which provides an opportunity for market growth.onlinefishtableResistance. Although PP fundamentals have weakened and spot transactions have also weakened, the confrontation of long and short news in the market has kept the short-term PP market expectations still volatile.