Sinopec inventory: 865000 tons of two-oil polyolefin inventory, 20, 000 tons less than yesterday.
PP futures analysis: April 9 PP2405 opening price: 7596, highest price: 7616, lowest price: 7599, position: 255359 lots, settlement price: 7598, yesterday settlement: 7590, up: 8, daily trading volume: 194477 lots.
Mainstream quotation for wire drawing in PP market: yuan / ton
|
Region |
April 8th |
April 9th |
Rise and fall |
|
North China |
7470-7600 |
7470-7600 |
0/0 |
|
East China |
7570-7650 |
7570-7650 |
0/0 |
|
South China |
7630-7700 |
7600-7700 |
-30/0 |
PP China spot market analysis: today, the rising trend of China's PP market slows down, some prices are loosened, and the mainstream prices of wire drawing in China range from 7470 to 7700 yuan / ton. Production enterprises have been actively up-regulated since the beginning of the month, and there are still some supplementary increases today. The rising trend of coal enterprises has slowed down, and the supporting role of supply cost in the field is still strong. Add in the upstream parking increment since the end of the month, and the supply side is also good. However, the futures market is arranged in small intervals, and the rise slows down, so it is difficult to form a strong upward drive. Traders wait and see shipments, the offer is more stable, some of the firm offer fell. Downstream rigid demand to enter the market, low-price buying is OK, high-price trading is weak.
PP spot trend forecast: raw materials: overnight crude oil open low and high close, daily line close long shadow positive line, crude oil disk continues to maintain a strong structure, but the short-term rhythm is slightly weakened, but not serious for the time being. The center of gravity of raw materials gradually moves up, driving up the production cost of polypropylene. 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 fell 5, or 0.07%, to 7598 on April 9.
China installation parking Summary:
|
Enterprise name |
product line |
Production capacity |
Parking Duration |
departure time |
|
Dalian Petrochemical Corporation |
Third line |
5 |
August 2, 2006 |
To be determined |
|
Wuhan Petrochemical Corporation |
Old equipment |
12 |
November 12, 2021 |
To be determined |
|
Haiguolong oil |
First line |
20 |
February 8, 2022 |
To be determined |
|
Haiguolong oil |
Second line |
35 |
April 3, 2022 |
To be determined |
|
Tianjin Petrochemical Company |
First line |
6 |
August 1, 2022 |
To be determined |
|
Jinxi Petrochemical |
Single line |
15 |
February 16, 2023 |
To be determined |
|
Yanshan Petrochemical |
Second line |
7 |
September 18, 2023 |
To be determined |
|
Shaoxing Sanyuan |
New line |
30 |
September 20, 2023 |
To be determined |
|
Qinghai Salt Lake |
Single line |
16 |
October 27, 2023 |
To be determined |
|
Changzhou Fude |
Single line |
30 |
November 1, 2023 |
To be determined |
|
Jingbo polyolefin |
First line |
20 |
November 1, 2023 |
To be determined |
|
Luoyang Petrochemical |
First line |
8 |
November 3, 2023 |
To be determined |
|
Zhongjing Petrochemical |
The first phase and the first line |
50 |
December 5, 2023 |
To be determined |
|
Hongrun Petrochemical |
Single line |
45 |
December 6, 2023 |
To be determined |
|
Qilu Petrochemical |
Single line |
7 |
December 23, 2023 |
To be determined |
|
Lianhong Xinke |
Second line |
8 |
December 30, 2023 |
To be determined |
|
Fujian Union |
Old line |
12 |
January 3, 2024 |
To be determined |
|
Gold energy chemistry |
First line |
45 |
March 8, 2024 |
To be determined |
|
North China brocade |
Old line |
6 |
March 8, 2024 |
To be determined |
|
Jiutai Group |
Single line |
32 |
March 15, 2024 |
April 15, 2024 |
|
Donghua Energy (Ningbo) |
The first line of Phase II |
40 |
March 19, 2024 |
April 8, 2024 |
|
Donghua Energy (Ningbo) |
Second phase, second line. |
40 |
March 20, 2024 |
April 8, 2024 |
|
Chinese Science Refining and Chemical Industry |
First line |
35 |
March 20, 2024 |
May 20, 2024 |
|
Chinese Science Refining and Chemical Industry |
Second line |
20 |
March 21, 2024 |
May 20, 2024 |
|
Ningbo Fude |
Single line |
40 |
March 24, 2024 |
April 4, 2024 |
|
Jingbo polyolefin |
Second line |
40 |
March 26, 2024 |
April 15, 2024 |
|
Quanzhou, Sinochem |
Second line |
35 |
March 26, 2024 |
March 31, 2024 |
|
Jingmen petrochemical |
Single line |
12 |
March 27, 2024 |
March 31, 2024 |
|
Qinzhou, Guangxi |
Single line |
20 |
March 30, 2024 |
April 1, 2024 |
|
Dalian Petrochemical Corporation |
Second line |
7 |
March 31, 2024 |
May 10, 2024 |
|
Dalian Petrochemical Corporation |
First line |
20 |
March 31, 2024 |
May 10, 2024 |
|
Tianjin Petrochemical Company |
Second line |
20 |
April 1, 2024 |
April 14, 2024 |
|
Zhongyuan Petrochemical Company |
First line |
6 |
April 1, 2024 |
To be determined |
|
Dongguan Juzhengyuan |
The first line of Phase II |
30 |
April 1, 2024 |
April 2, 2024 |
|
Dongguan Juzhengyuan |
Second phase, second line. |
30 |
April 1, 2024 |
April 2, 2024 |
|
Zhejiang Petrochemical Corporation |
First line |
45 |
April 6, 2024 |
April 23, 2024 |
Shenhua auction turnover: Shenhua Coal Chemical PP auction volume of 1469 tons, down 25.36% from yesterday; turnover of 1413 tons, an increase of 1.07% over yesterday, and a turnover rate of 96.19%, an increase of 25.15% over yesterday.
