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Sinopec inventory: two-oil polyolefin inventory of 855000 tons, an increase of 50, 000 tons over Friday.
PP futures analysis: April 22nd PP2405 opening price: 7620, highest price: 77657, lowest price: 7612, position: 410356 lots, settlement price: 7632, yesterday settlement: 7653, down: 21, daily trading volume: 353435 lots.
Mainstream quotation for wire drawing in PP market: yuan / ton
|
Region |
April nineteenth |
April 22nd |
Rise and fall |
|
North China |
7550-7650 |
7550-7650 |
0/0 |
|
East China |
7570-7730 |
7570-7730 |
0/0 |
|
South China |
7650-7730 |
7630-7700 |
-20/-30 |
PP China spot market analysis: today, China's PP market is loose and weak, the mainstream prices of wire drawing in China range from 7550 to 7730 yuan / ton, and some fall from 20 to 30 yuan / ton. On the news side, Israel has taken limited military action against Iran, and geopolitical concerns first rose and then fell. Crude oil futures were significantly lower in Asian trading. At the same time, PP futures increased positions fell, for the spot market drag effect is obvious. Although petrochemical and coal companies are still up-regulated, shipments have not been smooth in recent days, resulting in a lack of confidence in the industry. Traders are active in shipping goods, and the phenomenon of giving profits on firm offers is common. Downstream rigid demand to enter the market, trading is weak at the beginning of the week.
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 two oil and coal enterprises 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 reduced. On the demand side, the overall demand downstream is relatively stable, but the high-price procurement is limited, and the progress of the market is not fast. 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 fell 9, or 0.12%, to 7638 on April 22.
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 |
|
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 |
April 26, 2024 |
|
Gold energy chemistry |
First line |
45 |
March 8, 2024 |
To be determined |
|
North China brocade |
Old line |
6 |
March 8, 2024 |
To be determined |
|
Donghua Energy (Ningbo) |
Second phase, second line. |
40 |
March 20, 2024 |
April 20, 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 |
|
Dalian Petrochemical Corporation |
Second line |
7 |
March 31, 2024 |
May 10, 2024 |
|
Dalian Petrochemical Corporation |
First line |
20 |
March 31, 2024 |
May 10, 2024 |
|
Zhongyuan Petrochemical Company |
First line |
6 |
April 1, 2024 |
April 16, 2024 |
|
Zhejiang Petrochemical Corporation |
First line |
45 |
April 6, 2024 |
April 21, 2024 |
|
Fujian Union |
Second line |
22 |
April 14, 2024 |
April 17, 2024 |
|
Shenhua Baotou |
Single line |
30 |
April 16, 2024 |
May 15, 2024 |
|
Zhongjing Petrochemical |
The second line of the first phase |
50 |
April 16, 2024 |
To be determined |
|
Haitian petrochemical |
Single line |
20 |
April 16, 2024 |
To be determined |
|
Zhongyuan Petrochemical Company |
Second line |
10 |
April 17, 2024 |
To be determined |
|
Donghua Energy (Ningbo) |
The first phase |
40 |
April 17, 2024 |
April 29, 2024 |
|
Sinopec |
STPP |
20 |
April 17, 2024 |
To be determined |
Shenhua auction turnover: Shenhua Coal Chemical PP auction volume of 2026 tons, down 9.84% from yesterday; turnover of 1313 tons, down 41.57% from yesterday, and turnover rate of 64.81%, 35.19% lower than yesterday.
