< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Polypropylene PP: Futures opened lower and rose, not reaching yesterday's high, and coal companies continued to rise

74,331
April 17, 2024, 5:27 PM

Sinopec inventory: two-oil polyolefin inventory of 830000 tons, 25000 tons less than yesterday.


PP futures analysis: April 17 PP2405 opening price: 7590, highest price: 7628, lowest price: 7572, position: 350962 lots, settlement price: 7604, yesterday settlement: 7606, down: 2, daily trading volume: 282474 lots.


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

Region

April sixteenth

April seventeenth

Rise and fall

North China

7480-7600

7480-7600

0/0

East China

7550-7680

7550-7680

0/0

South China

7630-7670

7630-7670

0/0

 

 

PP China spot market analysis: today, China's PP market is running steadily, and the mainstream price of wire drawing in China ranges from 7480 to 7680 yuan / ton. Oil prices fell slightly overnight, and PP futures opened lower, but not as high as yesterday. Petrochemical continues to go to the depot. Today, most of the two oil factories are stable, and some of them are adjusted up and down. Coal enterprises are generally up, and the cost of goods supply in the field is slightly higher. Traders wait and see shipments, downstream rigid demand to buy, on-site trading performance is average, Shenhua auction turnover rate is slightly adjusted.


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, under the high price of weak shipments and volatile market, the two oil did not show consistent action in the short term, but the coal companies began to increase, and the cost driver has become stronger. 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 was 7602 on April 17, stable.


 

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 2250 tons, down 23.86% from yesterday; the turnover was 2008 tons, up 29.55% from yesterday, and the turnover rate was 89.24%, up 36.79% from yesterday.