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Sinopec inventory: two-oil polyolefin inventory of 855000 tons, 25000 tons less than yesterday.
PP futures analysis: April 16 PP2405 opening price: 7602, highest price: 7649, lowest price: 7554, position: 337576 lots, settlement price: 7606, yesterday settlement: 7596, down: 10, daily trading volume: 477360 lots.
Mainstream quotation for wire drawing in PP market: yuan / ton
|
Region |
April fifteenth |
April sixteenth |
Rise and fall |
|
North China |
7470-7580 |
7480-7600 |
10/20 |
|
East China |
7530-7650 |
7550-7680 |
20/30 |
|
South China |
7600-7650 |
7630-7670 |
30/20 |
PP China spot market analysis: today, China's PP market changed its previous declining trend. Under the continuous pull up in early trading, the spot market is generally high. The mainstream price of wire drawing in China ranges from 7480 to 7680 yuan / ton, rising 10 to 30 yuan per ton per day. Petrochemical to the warehouse speed is not fast, the current inventory pressure still exists. Most of the two oils are stable and some are adjusted up and down. Coal enterprises are generally up, and the cost of goods supply in the field is slightly higher. Traders push up shipments, downstream rigid demand to buy, light trading on the floor.
PP spot trend forecast: raw materials: crude oil disk continues to operate at a high level, pay attention to the geographical trend. Petrochemical policy: the current petrochemical inventory pressure still exists, in the high price of weak shipments and volatile market, the two oil did not show consistent action in the short term, but coal companies began to increase, cost-driven to make money. 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 is still high and volatile.
China's PP Index: according to Tudor data, China's PP spot index rose 22, or 0.29%, to 7602 on April 16.
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 2955 tons, up 31.63% from yesterday; the turnover was 1550 tons, down 1.34% from yesterday, and the turnover rate was 52.45%, down 17.52% from yesterday.
