Polypropylene PP: Spot prices have been slightly increased, resulting in a strong wait-and-see atmosphere in the venue

China Petrochemical Inventory: The polyolefin inventory of the two oils was 765,000 tons, down 45,000 tons from yesterday.

Analysis of PP Futures: 9Opening price of PP2501 on June 24:7242, highest price: 7372, lowest price: 7222, open position: 525436, settlement price: 7295，Yesterday's settlement: 7261, increase: 24.

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 is stable and relatively strong. Market quotations in North China and East China are stable. Market price increases in South China range from 0 to 30 yuan/ton. In terms of price: mainstream polypropylene prices in China range from 7340 to 7630 yuan/ton. During the day, the overall international oil price showed a trend of falling first and then rising. At present, the polyolefin inventory of the two oils has dropped by 45,000 tons compared with yesterday. There have been no significant changes in the PP equipment during the day, and there is no significant pressure on supply. In addition, there is a demand for stocking up just before the National Day downstream, and some of them are getting goods on dips. Most of the venue are waiting and seeing, and the overall transaction performance is flat.

PP spot trend forecast: In terms of raw materials, although the Federal Reserve has started to cut interest rates, weak demand for crude oil still exists. Coupled with the unexpected sharp contraction of corporate activities in the euro zone this month, it may exert certain downward pressure on oil prices. However, compared with the previous low oil prices, the PP market There is still positive feedback on cost support. On the supply side, with the restart of Ningbo Jinfa and Hainan ethylene PP units in the short term, the maintenance efforts of PP units are weak, and market supply pressure may increase. In terms of demand, new downstream orders have increased. Subsequently, with the gradual completion of pre-holiday preparations in the middle and lower reaches, demand may continue to maintain a slow follow-up performance. Overall, the polypropylene market is expected to fluctuate in the short term.

China PP Index: According to Tuduo data, China's PP spot index on September 24 was 7463.33, up 5, or 0.07%.

Summary of plant parking in China:

Shenhua auction transaction status: Shenhua Coal Chemical's auction volume today was 3965 tons, an increase of 28.48% from yesterday; the transaction volume was 1938 tons, an increase of 57.43% from yesterday, and the transaction rate was 48.88%, an increase of 8.99% from yesterday.