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Polypropylene PP: Futures prices were weak and volatile, market positions were reduced, and spot prices fell sharply

55,143
April 24, 2024, 4:59 PM


Sinopec inventory: 785000 tons of two-oil polyolefin inventory, 10, 000 tons less than yesterday.

 

PP futures analysis: April 24th PP2405 opening price: 7543, highest price: 7572, lowest price: 7534, position: 376448 lots, settlement price: 7551, yesterday settlement: 7592, down: 41, daily trading volume: 282641 lots.

 

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

Region

April twenty _ third

April twenty _ fourth

Rise and fall

North China

7540-7630

7490-7580

-50/-50

East China

7550-7730

7530-7730

-20/0

South China

7600-7680

7600-7680

0/0

 

 

PP中国现货市场分析:今日中国PP市场弱势有跌,中国拉丝主流价格在7490-7680元/吨不等,日跌幅20-50元/吨不等。消息面上,美联储降息预期有所改善,叠加美国原油库存有下降趋势,国际油价上涨。同时股市及商品双双翻红,但期货盘面依旧偏弱,对于现货市场拖累作用表现明显。尽管石化多数稳价,但连日来出货不畅,使得业者信心不足。贸易商方面积极出货,实盘让利现象普遍。下游刚需入市,日内成交偏弱。

 

PP spot trend forecast: raw materials: crude oil disk continues to operate at a high level, pay attention to the geographical trend. Petrochemical policy: two oil rose steadily, coal companies began to reduce prices, cost-driven from strong to weak. Supply side: Zhejiang Sinopec, Shenhua Baotou, Datang and many other devices parking, at the same time do not rule out the possibility of operating parking due to cost reasons, 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 volatile and weak.

 

China's PP index: according to Tudor data, China's PP spot index fell 20, or 0.26%, to 7602 on April 24.

 

 

 

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

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

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

Maoming Petrochemical

Second line

30

April 19, 2024

To be determined

Zhejiang Petrochemical Corporation

Four lines

45

April 20, 2024

May 9, 2024

Fujian Union

First line

33

April 23, 2024

April 24, 2024

Changling Petrochemical Company

Single line

14

April 24, 2024

April 25, 2024

 

Shenhua auction turnover: Shenhua Coal Chemical Industry's auction volume today was 1287 tons, down 3.52% from yesterday; the turnover was 1134 tons, 13.37% lower than yesterday, and the turnover rate was 88.11%, 10.01% lower than yesterday.