Polypropylene PP: The ex-factory price of coal companies continues to increase, the cost-side driving effect is obvious, and the low market price has moved upwards

Sinopec inventory: 885000 tons of two-oil polyolefin inventory, 50, 000 tons less than yesterday.

PP futures analysis: April 8 PP2405 opening price: 7600, highest price: 7621, lowest price: 7560, position: 266139 lots, settlement price: 7590, yesterday settlement: 7578, up: 12, daily trading volume: 224884 lots.

Mainstream quotation for wire drawing in PP market: yuan / ton

PP China spot market analysis: today, the rising trend of China's PP market slows down, the mainstream price of wire drawing in China ranges from 7470 to 7700 yuan / ton, and the daily increase varies from 20 to 30 yuan / ton. The international crude oil rose six times in a row, and the cloth oil exceeded 91 US dollars per barrel, which played an obvious role in driving the market. And production enterprises have been actively up-regulated since the beginning of the month. Today, CNPC Northeast China has increased by 50 yuan / ton, CNPC Southwest has increased by 50-70 yuan / ton, Sinopec Central China has increased by 50-100 yuan / ton, and the other two oil companies are stable. Coal companies continue to raise ex-factory prices, on-site supply costs to promote a strong role. Add in the upstream parking increment since the end of the month, and the supply side is also good. However, the futures market rose less than expected, and a fall in early trading raised concerns in the market. Traders wait and see shipments, in the stock market turned red again and production enterprises raised, continue to push up tentatively. Downstream rigid demand to enter the market, low-price buying is general, high-price trading is weak.

PP spot trend forecast: raw materials: crude oil disk further refresh stage new high, oil distribution disk into the 86-95 dollar area. The center of gravity of the raw material moves upward, which drives the production cost of polypropylene higher. Petrochemical policy: the current performance of the two cities is good, there are still upward movements in various regions, and the supply cost of goods in the field is strongly supported. On the supply side: since late March, there has been an increase in equipment overhaul in China. In April, there are still many devices parking, including Zhejiang Sinopec, Shenhua Baotou and Datang. At the same time, the possibility of operating parking due to cost is not ruled out, and the market supply is expected to be significantly reduced. On the demand side, the overall downstream demand is relatively stable, driving little in the short term. Under the comprehensive influence, it is expected that the short-term PP market still maintains a strong shock operation, but subject to weak buying at high prices, the overall upward space in the short term may be limited.

China's PP index: according to Tudor data, China's PP spot index rose 8, or 0.11%, to 7603 on April 8.

China installation parking Summary:

Shenhua auction turnover: Shenhua PP's auction volume today was 1968 tons, 20.39% lower than yesterday; the turnover was 1398 tons, 22.72% lower than yesterday, and the turnover rate was 71.04%, 2.14% lower than yesterday.