PP weak downward trend

- Mar 15, 2019-

As of Friday's close, PP1905 closed at 8,728 yuan, down 121 yuan or 1.37% from the previous week.Holdings fell by 36,000 lots, or 8.2%, to 398,000 lots.

Spot, two oil prices with the first rise after the first drop, coal chemical online auction failure rate increased, as of last Friday, PP drawing east China mainstream price 8750~8800 yuan.

Dollar trading, last week the market price narrow fluctuations, week of Chinese and foreign trading volume of goods improved, the overall price is strong.

On the supply side, the ratio of two oil drawing production is low, but the overall overhaul equipment is less, and the operating rate remains high.

Downstream, plywood and BOPP orders were good, and demand for PP increased