Today, the domestic PP market is mainly organized in a narrow range. Futures fluctuated upward, but the boost to the spot was limited. The Spring Festival is approaching, and the festive atmosphere in the market is gradually strong. The ex-factory prices of petrochemicals were mostly stable, and the supply cost support did not change much. The mentality of traders has not changed much, and the main offer is arranged with accompanying shipments. The downstream entered the holiday one after another, and the overall trading in the market was light. Today, the mainstream price of wire drawing in North China is 8350-8400 yuan / ton, the mainstream price of wire drawing in East China is 8400-8500 yuan / ton, and the mainstream price of wire drawing in South China is 8400-8600 yuan / ton.
Prediction: PP futures fluctuated upwards today, and the spot was sorted within a narrow range. Looking at tomorrow, the Spring Festival is approaching, and futures have limited power to drive the spot. In terms of spot, most of the production units are currently operating normally, and the market supply is loose. Before the holiday, the production enterprises were able to go to the warehouse, and the pressure was not large. It is expected that the ex-factory price will be mainly stable, which will support the market. But at present, the downstream is entering the holiday one after another, and the demand is limited. The festive atmosphere in the market is gradually strong, and traders are not very motivated to ship. Based on this, Zhuo Chuang Information predicts that the PP market may continue to organize the trend tomorrow. Taking East China as an example, the wire drawing operation range is expected to be 8400-8500 yuan / ton.