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Polypropylene PP: Spot prices are operating stably, and futures prices fluctuate downward after four consecutive rises

40,710
April 30, 2024, 4:55 PM


Sinopec inventory: & nbsp;  two-oil polyolefin inventory of 720000 tons, an increase of 10, 000 tons over yesterday.

 

PP futures analysis: & nbsp;  April 30th PP2409 opening price: 7634, highest price: 7649, lowest price: 7613, position: 378247 hands, settlement price: 7629, yesterday settlement: 7629, down: 0, daily trading volume: 238029 lots.

 

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

Region

April twenty _ ninth

April 30th

Rise and fall

North China

7540-7630

7540-7630

0/0

East China

7570-7750

7570-7750

0/0

South China

7630-7680

7630-7680

0/0

 

 

PP China spot market analysis: & nbsp;  today China's PP market is stable, approaching the May Day holiday, the market has not significantly changed, the mainstream prices of wire drawing in China range from 7540 to 7750 yuan / ton. In the news market, progress has been made in the cease-fire agreement between Palestine and Israel, and the geographical situation has eased somewhat. The cost side of international oil prices fell. Manufacturers actively ship goods to the warehouse, downstream demand performance is weak, market trading is relatively light, approaching May Day short holiday, the wait-and-see mood is strong.

 

PP spot trend forecast: & nbsp;  cost port crude oil disk high price has fallen, but the price is still high, there is still support for the market. On the supply side, due to the current part of the equipment is under maintenance, and petrochemical manufacturers actively go to the warehouse, the overall pressure on the supply side is small, there is support for the market; downstream demand port, near the May Day short holiday downstream stock preparation is basically completed, the overall purchase intention is not high, as a whole, short-term PP market or shock operation is expected.

 

China PP Index: & nbsp;  according to Tudor data, China's PP spot index rose 0% to 7633 on April 30, up 0%.

 

 

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

Gold energy chemistry

First line

45

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

May 1, 2024

Sinopec

STPP

20

April 17, 2024

To be determined

Zhejiang Petrochemical Corporation

Four lines

45

April 20, 2024

May 9, 2024

Ningbo blond hair

First line

40

April 28, 2024

May 12, 2024

Zhongyuan Petrochemical Company

First line

6

April 29, 2024

To be determined

 

Shenhua auction turnover: & nbsp;  Shenhua Coal Chemical today's auction volume is 994 tons, 6.75% lower than yesterday; turnover is 865 tons, 14.69% lower than yesterday, and turnover is 87.02%, 8.10% lower than yesterday.