WELCOME TO WUXI LONGSHINE TEXTILE CO., LTD.
PP spot-futures basis reduces and spot pressure remains
You are here: HOME » NEWS » PP spot-futures basis reduces and spot pressure remains

PP spot-futures basis reduces and spot pressure remains

Views: 0     Author: Site Editor     Publish Time: 2020-01-09      Origin: Site

PP spot-futures basis narrowed down continuously since early-Nov, and the current spot price was almost equal to and even discount with futures. It was mainly due to the continuous weakness of the spot market. PP futures had rebounded 350yuan from end-Nov to early-Dec, while the spot only rose 50yuan. And when PP futures fell down, spot price dropped more steeply. PP spot-futures basis had narrowed around 500yuan in just one month.


QUICK LINK

YARN

POLYESTER STAPLE FIBER

LEAVEMASSAGE

COPYRIGHT ©  WUXI LONGSHINE TEXTILE CO., LTD ALL RIGHTS RESERVED