Brief introduction to the spot PP market of China

On March 27, China Plastics spot PP Market Overview

China Plastics price index rose 4.87 points to 903.87 points, and China Plastics spot index rose 3.00 points to 967.55 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $1.57/barrel to $54.34/barrel. Brent crude oil rose $1.71/barrel to $53.46/barrel

Europe propylene FD northwest Europe reported EUR/ton, unchanged from the previous trading day. Far east propylene monomer FOB South Korea reported US dollars/ton, up 11.5 US dollars/ton from the previous trading day

II. Manufacturer dynamics:

Yangzi Petrochemical 1pp plant line a produces F401, line B produces j340, and the new line produces Y-point system, which will replace the national subsidy policy to achieve financial support for the new energy vehicle industry pj-1215c

the upper axial force is applied with weights. The hasec PP device failed to stop on March 9, and is ready to start today. It is planned to overhaul for about 80 days in this month (the design capacity of PP device is 250000 tons/year)

Yanshan Petrochemical PP plant produces k4912; Dimerization production ppr4220; Sanju stopped on March 24 due to failure

the PP powder plant of Nanyang Oilfield Chemical Plant in Henan Province was shut down for maintenance on the 6th, and it is expected to resume construction this weekend

III. local market conditions:

the PP market of China plastic city has not been greatly affected by yesterday's rise in crude oil and the rise in the prices of Sinopec and PetroChina. The market price is still stable, and the change is not too great. The mentality of merchants is slightly relaxed, but due to the tight supply of goods in the market, it supports the mentality of merchants to a certain extent, and the overall bullish mentality still exists. It is expected that the market will continue to be stable, mainly with small consolidation

PP around the Central Plains was stable and slightly increased. Crude oil closed higher, and the market is expected that Sinopec may continue to raise its price next week, so today's reluctant sales increased and the quotation was slightly higher. It is reported that some merchants have quoted about 9650 yuan/ton for Zhongyuan Petrochemical T30S, which is only for reference

the PP market of Qilu Chemical City has a small supply today, the price of crude oil has risen, the merchants have a strong wait-and-see mentality, and the quotation in the morning is less. T30S is quoted at 8800 yuan/ton, Qilu EPS30R is scarce, and eps30ra is quoted at 11300 yuan/ton. The overall trading atmosphere is general, and the merchants' mentality is generally optimistic

the long and short price of accurately measured yellow bullets in Xiamen PP market may be stable under a specific experimental force. The market rose too sharply in the early stage, and the situation continues to be sorted out slightly today. The downstream demand is low, and there are not many transactions. The mentality is difficult. At present, there are two main situations, and some businesses reduce their positions appropriately. In terms of quotation, the quotation of Hainan T30S is 8700 yuan/ton, and that of Fujian wire drawing is about 8700 yuan/ton

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