News summary
The urea market is operating steadilydeficryptogame, the transaction price is 2,290 - 2,340 yuan/ton. The spot price of methanol at the port is high, but downstream purchases are cautious. The average market price of polypropylene is 7721 yuan/ton, with strong support from the cost side and a slight increase in prices.
Newsletter text
[Urea prices remain stable, and market transaction prices fluctuate] Urea prices remain stable. Ex-factory prices in Shandong and Lianghe range from 2,300 - 2,350 yuan/ton, and market transaction prices range from 2,290 - 2,340 yuan/ton. Although the sharp rise in urea futures prices has a negative impact on spot market sentimentdeficryptogameIt has a certain positive impact, but the overall impact is expected to be limited, mainly due to the gradual weakening of high-nitrogen compound fertilizer production and the expectation of shrinking demand for urea. In addition, downstream purchasing sentiment tends to be cautious, and market wait-and-see sentiment has increased. It is predicted that the urea market will continue to be stable in the short term. [The mentality of the methanol market is affected by fluctuations in the futures market] The reference for methanol in Taicang is 2980 yuan/ton, and the basis is reference to the 09 contract +320 yuan/ton. The methanol futures market has turned from strong to weak, which has affected market participants to a certain extent. mentality. Despite this, port spot prices were supported by low inventories and remained high. Arbitrage space between ports and the mainland continues to open up, but downstream acceptance of high-priced methanol is currently not strong. After the new prices of mainland manufacturers were lowered, the downstream sector still maintained a cautious attitude of just needing to receive goods. Some bidding companies even failed to bid, and the transaction atmosphere in the spot market seemed relatively deserted. [Polypropylene market price increased slightly] The average market price of polypropylene pellets is currently 7721 yuan/ton, an increase of 16 yuan compared with the previous working day, an increase of 0deficryptogame.21%。Today's mainstream market transaction prices are between 7,500 - 7,600 yuan/ton, and the market conditions remain high and volatile. Federal Reserve officials hinted that it is unlikely to cut interest rates in the short term. The market is still worried about the economic and demand prospects. International oil prices have fallen, but cost support remains strong. Thanks to the favorable macro policies, manufacturers raised ex-factory prices, and the focus of offers in the on-site spot market increased.