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Polypropylene PP: Prices fell mainly, the market was weak and downward, and futures prices hit a one-month low

10,000
May 10, 2024, 3:27 PM


Sinopec inventory: & nbsp;  two-oil polyolefin inventory of 835000 tons, down 20, 000 tons from yesterday.

 

PP Futures Analysis: & nbsp;  May 10 PP2409 opening price: 7561, highest price: 7573, lowest price: 7501, position: 420471, settlement price: 7539, yesterday settlement: 7564, down: 25.

 

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

Today's polypropylene PP market price (unit: yuan / ton)

Region

May 9th

May 10th

Rise and fall

North China

7540-7630

7490-7630

-50/0

East China

7570-7730

7520-7720

-50/-10

South China

7620-7700

7620-7700

0/0

 

 

PP China spot market analysis: & nbsp;  today China PP spot market regional decline, some areas fell 10-50 yuan / ton range, price: the mainstream price of polypropylene in China ranges from 7490 yuan to 7720 yuan / ton. According to the news, there is still no breakthrough in the negotiations on the Palestinian-Israeli ceasefire agreement, and international oil prices have risen. The enterprise shipping pressure still exists, the downstream purchasing enthusiasm is not good, the market transaction performance is general, the spot market price falls in some areas, promotes the transaction mainly. Individual areas wait and see mainly, the price has not been adjusted yet.

 

PP spot trend forecast: & nbsp;  cost port crude oil disk upward consolidation, rising oil prices support the market in the first ten days. On the supply side, devices starting from today, including Datang Duolun, Wanhua Chemical, Dushanzi Petrochemical, and Yangzi Petrochemical, will gradually enter the maintenance period, while the new production capacity will gradually be put into overlay pre-maintenance equipment to restore, the market supply side as a whole has increased to a certain extent, the supply side pressure still exists; on the demand side, downstream demand maintains rigid demand procurement, and the procurement mentality is relatively cautious. It is expected that the short-term polypropylene market or weak finishing.

 

China PP Index: & nbsp;  according to Tudor data, China's PP spot index fell 18, or 0.24%, to 7613.33 on May 10.

 

 

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

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

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

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 23, 2024

Dalian Petrochemical Corporation

First line

20

March 31, 2024

May 23, 2024

Shenhua Baotou

Single line

30

April 16, 2024

May 15, 2024

Sinopec

STPP

20

April 17, 2024

To be determined

Zhejiang Petrochemical Corporation

Four lines

45

April 20, 2024

May 10, 2024

Ningbo blond hair

First line

40

April 28, 2024

May 15, 2024

Hengli petrochemical

STPP

20

May 3, 2024

To be determined

Fujian Union

Second line

22

May 5, 2024

To be determined

Zhenhai Refining and Chemical Industry

First line

20

May 6, 2024

May 24, 2024

Fujian Union

First line

33

May 8, 2024

To be determined

Yanchang medium coal

Third line

40

May 9, 2024

June 9, 2024

Anqing Baiju

Single line

30

May 9, 2024

June 9, 2024

Pucheng clean energy

Single line

40

May 9, 2024

May 24, 2024

Guangdong Petrochemical Corporation

JPP line

20

May 10, 2024

To be determined

North China brocade

Old line

6

May 10, 2024

To be determined

Datang Duolun

First line

23

May 10, 2024

June 4, 2024

Datang Duolun

Second line

23

May 10, 2024

June 4, 2024

Dushanzi petrification

First line

7

May 10, 2024

July 8, 2024

Dongming Petrochemical Company

Single line

20

May 10, 2024

June 10, 2024

 

Shenhua auction turnover: & nbsp;  Shenhua Coal Chemical today's auction volume of 2095 tons, unchanged from yesterday; turnover of 1731 tons, an increase of 5.23% over yesterday, and a turnover rate of 82.63%, an increase of 4.11% over yesterday.