Sinopec inventory: two-oil polyolefin inventory of 860000 tons, 5000 tons less than yesterday.
PP futures analysis: April 10 PP2405 opening price: 7620, highest price: 7622, lowest price: 7571, position: 224028 lots, settlement price: 7593, yesterday settlement: 7598, down: 5, daily trading volume: 137798 lots.
Mainstream quotation for wire drawing in PP market: yuan / ton
|
Region |
April 9th |
April 10th |
Rise and fall |
|
North China |
7470-7600 |
7470-7600 |
0/0 |
|
East China |
7570-7650 |
7530-7650 |
-40/0 |
|
South China |
7600-7700 |
7600-7650 |
0/-50 |
PP China spot market analysis: today, China's PP market continues to be weak, the mainstream prices of wire drawing in China range from 7470 to 7700 yuan / ton, with a decline of less than 50 yuan / ton. Overnight crude oil fell, PP disk continued to adjust downward, although the decline was limited, but still formed a repressive effect on the spot market. Petrochemical destorming speed slows down again, and the current inventory pressure still exists. Most of the two oil factories are stable, CNPC Northeast, CNPC North China began to reduce the action, coal companies have cut prices one after another, on-site cost support weakened. Traders lack confidence in the future, actively let the profit out of the goods, the downstream buying enthusiasm is not high, trading is insipid.
PP spot trend forecast: raw materials: crude oil disk action can continue to weaken, disk short-term adjustment. Petrochemical policy: at present, Sinopec continues to go to the warehouse, but under the condition of poor delivery at high prices and a decline in the market, the possibility of two oil companies continuing to rise is reduced, and some petrochemical companies begin to reduce prices in the afternoon, and the cost drive turns from strong to weak. 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 impact, it is expected that the short-term PP market still maintains a volatile operation, digesting previous gains.
China's PP index: China's PP spot index fell 15, or 0.2%, to 7583 on April 10, according to Tudor data.
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's auction volume today was 2435 tons, an increase of 65.76% over yesterday; the turnover was 491t, down 65.25% from yesterday, and the turnover rate was 20.16%, down 76.02% from yesterday.
