daily After the National Day holiday in the periphery, crude oil prices rose and the devaluation of the renminbi and other macro positive atmosphere driven, continuous upward PP futures rose, in October 18th 1701 main contract hit 7945 yuan / ton, hit since the contract listed high.
The production cost of overall uplift
| PVA |
At the end of September, the OPEC reached the first 8 years of frozen production agreement, the agreement will take the output of crude oil producers OPEC frozen at 32 million 500 thousand – 33 million barrels a day, this is the organization in August 33 million 237 thousand barrels / day level reduced by 230 thousand – 730 thousand barrels / day. We believe that the OPEC freeze production agreement to open a new chapter in oil producing countries cooperate very price, which means that since the second half of 2014 and the OPEC in the United States as the representative of the emerging energy market competition, as well as their own internal market share competition has come to an end, if the November OPEC conference reached operational frozen production agreement, international oil prices may the oscillation touch 55 – 60 dollars / barrel; if the middle oil producers some variables, while oil prices may fall to $45 / barrel line.
PP main production cost of raw materials has obvious uplift. As of mid October, according to the domestic PP total capacity of 18 million 400 thousand tons of raw materials accounted for PP corresponding to different social average production cost estimated at 6500 yuan / ton, compared with the pre holiday rose nearly 400 yuan / ton, of which China purchased methanol and coal system in the northwest of PP production costs reached 7800 yuan / ton and 7400 yuan / ton PP, on price support obviously.
| http://www.bariumcarbonate.net |