Polypropylene PP: Spot prices rebounded, and the market increased significantly by more than 30,000 lots

Sinopec Inventory: The polyolefin inventory of the two oils was 775,000 tons, down 35,000 tons from yesterday.

Analysis of PP Futures: 9Opening price of PP2501 on June 20:7345, highest price: 7353, lowest price: 7291, open position: 512524, settlement price: 7319，Yesterday's settlement: 7285, increase: 34.

Mainstream quotes for wire drawing in the PP market:

Propylene market price list

PP China Spot Market Analysis: Today, the overall PP market in China rebounded within a narrow range, with quotations in North China holding stable. Market price increases in East China and South China ranging from 0 to 10 yuan/ton. In terms of price: China's mainstream polypropylene prices range from 7,340 to 7,660 yuan/ton. On the cost side, the crude oil market was affected by the Federal Reserve's interest rate cut and driven by geopolitical tensions. Oil prices continued to rise today. On the supply side, Hainan Refining and Chemical PP plant is shut down for maintenance today. The overall plant shutdown impact is about 16%, and the supply pressure is general. On the demand side, terminal demand is not strong, and downstream factories are not sufficiently following up on purchasing raw material PP. Overall, the market has adjusted quotations along with it, and traders have actively shipped mainly. The two markets are now experiencing a shock and consolidation.。

PP spot trend forecast: In terms of supply, only Fujian United old line equipment involving a production capacity of 120,000 tons is planned to be stopped next week. There are no PP units planned to be restarted, and the restart time of many parking units is yet to be determined. However, it is not ruled out that restarting the PP units to be determined may resume driving at any time, and supply pressure will not be large in the short term. In terms of demand, next week is the last week before National Day. Downstream willingness to hoard goods may increase. Orders from most downstream companies are growing steadily, and terminal demand is expected to show a slow increase. Overall, the polypropylene market is expected to operate strongly and violently in the short term.

China PP Index: According to Tdd-global's data, China's PP spot index on September 20 was 7,466.67, up 3, or 0.04%.

Summary of installation parking in China:

Shenhua auction transaction status: Shenhua Coal Chemical's auction volume today was 2668 tons, a decrease of 8.13% from yesterday; the transaction volume was 1863 tons, a decrease of 4.85% from yesterday, and the transaction rate was 69.83%, an increase of 2.40% from yesterday.