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Polypropylene PP: Pressure on the supply side still exists, prices are weak and consolidated, and market positions are increasing

19,860
May 13, 2024, 4:38 PM


Sinopec inventory: & nbsp;  two-oil polyolefin inventory of 885000 tons, an increase of 35000 tons over last week.

 

PP Futures Analysis: & nbsp;  May 13 PP2409 opening price: 7540, highest price: 7586, lowest price: 7515, position: 434253, settlement price: 7548, yesterday settlement: 7539, up: 9.

 

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

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

Region

May eleventh

May 13th

Rise and fall

North China

7490-7630

7470-7580

-20/-50

East China

7520-7720

7540-7720

20/0

South China

7620-7700

7600-7680

-20/-20

 

 

PP China spot market analysis: & nbsp;  today China PP spot market trend is slightly differentiated, prices rise and fall each other, North China, South China fell 20-50 yuan / ton, East China slightly increased 20 yuan / ton, price: the mainstream price of polypropylene in China ranges from 7470 to 7720 yuan / ton. According to the news, the Federal Reserve hinted that an interest rate cut would not come soon, and international oil prices fell at the beginning of the week. On the supply side, there is sufficient supply in the market, the supply pressure still exists, the demand side maintains rigid demand procurement, the market transaction has profit-making behavior, and each region adjusts the quotation slightly to promote the transaction.

 

PP spot trend forecast: & nbsp;  cost port crude oil market decline at the beginning of the week, but it is still at a relatively high level, but at present, the guidance of the cost side to the market is not relatively obvious. On the supply side, in addition to the early overhaul of unrestored units at the beginning, recently, Yangzi Petrochemical, Dongming Petrochemical, Dushanzi Petrochemical and other units have parking plans, while new production capacity devices have been put into operation one after another, and the supply side of the market as a whole is expected to increase slightly, and the supply pressure remains. On the demand side, the downstream terminal enters the demand off-season, the market rigid demand is mainly purchased, and the demand side fails to bring obvious guidance to the market. It is expected that the short-term polypropylene market may maintain the trend of weak finishing.

 

China's PP Index: & nbsp;  according to Tudor data, China's PP spot index fell 15%, or 0.2%, to 7598.33 on May 13.

 

 

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

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

Zhenhai Refining and Chemical Industry

Third line

30

May 11, 2024

May 13, 2024

Dushanzi petrification

Second line

7

May 11, 2024

July 8, 2024

Wanhua chemistry

Single line

30

May 11, 2024

To be determined

Dongming Petrochemical Company

Single line

20

May 13, 2024

June 10, 2024

Yangzi petrification

Second line

20

May 13, 2024

May 20, 2024

 

Transaction results of Shenhua auction: & nbsp;  Shenhua Coal Chemical today's auction volume of 2281 tons, an increase of 29.46% over yesterday; turnover of 1711 tons, an increase of 13.46% over yesterday, and a turnover rate of 75.01%, down 10.57% from yesterday.