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Polypropylene PP: The futures price rose slightly, the market continued to reduce its position, and the spot price rose slightly

52,967
April 25, 2024, 5:15 PM


Sinopec inventory: 755000 tons of two-oil polyolefin inventory, 30, 000 tons less than yesterday.

 

PP futures analysis: April 25th PP2405 opening price: 7561, highest price: 7590, lowest price: 7545, position: 370598 lots, settlement price: 7565, yesterday settlement: 7551, down: 14, daily trading volume: 264168 lots.

 

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

Region

April twenty _ fourth

April twenty _ fifth

Rise and fall

North China

7490-7580

7490-7580

0/0

East China

7530-7730

7540-7750

10/20

South China

7600-7680

7600-7680

0/0

 

 

PP China spot market analysis: today, individual areas of China's PP market rose slightly, the mainstream prices of wire drawing in China range from 7490 to 7750 yuan / ton, and daily increases range from 10 to 20 yuan / ton. On the face of the news, US crude oil inventories have declined, international oil prices have fallen, crude oil prices have fallen slightly but remain high, and cost-to-price support still exists. Today, individual devices resume operation, but the impact on the price is limited. Downstream demand to maintain a lukewarm pace, the overall market mentality is cautious, although individual regional transaction prices have risen, but the overall drive is insufficient, the increase is relatively limited.

 

PP spot trend forecast: raw materials: crude oil futures high volatility, cost-side support still exists. On the supply side: at present, there are still some devices parking, the overall pressure on the supply side of the PP market is not great, and there are no plans to put new capacity into production in the near future, and the supply side has a small support to the market. Face-to-face demand: the overall receiving situation of downstream demand is general, and most of them operate in a lukewarm state, and the actual transaction situation of the market is relatively weak, so although there is support on the supply side, there is a lack of upward momentum affected by poor demand, short-term market or narrow fluctuations.

 

China's PP index: according to Tudor data, China's PP spot index rose 5, or 0.07%, to 7607 on April 25.

 

 

 

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.