Polypropylene PP: The market rose slightly on Friday, and Shenhua's auction transaction rate increased significantly

Sinopec inventory: two-oil polyolefin inventory of 760000 tons, 35000 tons less than yesterday.

PP futures analysis: March 29th PP2405 opening price: 7512, highest price: 7515, lowest price: 7464, position: 313000 hands, settlement price: 7483, yesterday settlement: 7473, up: 10, daily trading volume: 222034 lots.

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

PP China spot market analysis: today, China's PP market prices have stopped falling and stabilized, and the mainstream prices of Chinese wire drawing range from 7340 to 7550 yuan / ton. Petrochemical, this morning two oil early storage 760000 tons, the upper reaches of the month to quickly go to the warehouse, the current two oil inventory pressure is significantly less than the previous. Ex-factory price, only PetroChina South China Guangdong Petrochemical part of the brand down, other stable. Coal companies generally stable prices, only Pucheng co-polymerization up-regulated, the market supply cost drive is not strong. PP futures continue to fluctuate between communities, floating red within the day, to a certain extent to ease the tension on the floor. Traders ship with the market, and the overall offer adjustment is limited. Downstream rigid demand to enter the market, the overall transaction performance is general.

PP spot trend Forecast: raw materials: the current focus of the crude oil market is still on the geographical situation, the Gaza ceasefire negotiations have reached an impasse, the Palestinian-Israeli conflict has not been effectively resolved, but the cease-fire negotiations are still continuing. Geographical factors are still the main positive support source of crude oil disk, the trend of geographical situation determines the degree of short-term pricing of crude oil, and the upgrading or cooling of the geopolitical situation will determine the rising and falling trend of crude oil; as for coal, most coal mines in the region maintain normal production, individual coal mines stop production and maintenance in the current month, and the overall coal supply level is slightly reduced. With the end of central heating in northern regions, the actual demand performance is not good, the rise in coal prices still lacks strong support, and it is expected that the market coal price stalemate is weak in the later stage. On the supply side: since late March, there has been an increase in equipment overhaul in China. In April, there are still many devices parking, including Zhejiang Sinopec, Shenhua Baotou and Datang. At the same time, the possibility of operating parking due to cost is not ruled out, and the market supply is expected to be significantly reduced. In terms of demand, the overall downstream demand is relatively stable, the order increment is insufficient and the raw material price callback makes the terminal lack of willingness to prepare goods, so it is difficult to play a big role in driving the market. Under the comprehensive impact, it is expected that the short-term PP market will remain volatile, with demand suppression and cost support.

China's PP index: according to Tudor data, China's PP spot index was 7463 on March 29th, stable.

China installation parking Summary:

Shenhua auction turnover: Shenhua Coal Chemical Industry's auction volume today was 1894 tons, down 49.89% from yesterday; the turnover was 1781 tons, down 34.47% from yesterday, and the turnover rate was 94.03%, an increase of 22.13% over yesterday.