August 14 PP plastic price quotes

Release time:

2018-08-15

Yesterday PP futures main early open after the weak shock. The wait-and-see atmosphere in the market was strong, with the morning offer moving up slightly by 20-150, but it was difficult to close at high prices. Shenhua PP online auction turnover rate of 94.96, the transaction is slow. It is expected that tomorrow's market or a small consolidation mainly, digest the previous gains.

First, the market overview.

Today, the price of two barrels of oil is mainly stable. PP futures main contract was boosted by the night, opened higher in early trading, but then weak volatility. The spot market has a strong wait-and-see atmosphere. Although the early offer moved up slightly by 20-150 yuan/ton, the downstream demand followed up slowly, and it was difficult to make high-priced transactions, and some firm offers made profits. Shenhua PP's online auction turnover rate was 94.96, but the turnover was slow.

14 August	Sinopec PP	PetroChina PP
East China	Steady	Steady
South China	Steady	Steady
Central China	Steady	-
North China	Steady	Steady
Northeast	-	Steady
Northwest	-	Steady
Southwest	-	Partial 100

II. Analysis of influencing factors

Propylene:Propylene market prices are stable today. Although the downstream polypropylene powder market price slightly increased favorable, but the downstream demand improvement is not big, refinery offer stable mainly.

Device:

Manufacturer	Annual Capacity(Tons)	PP plant dynamics
Fujian United	67	The first-line production of the new device is 1080K, the second-line production is 1100N, and the old device is T30S.
Maoming Petrochemical	67	First-line production PPB-M02D; second-line production F300M; third-line conversion T4401.
Guangzhou Petrochemical	40	First-line production J641, second-line production S960, third-line production K8003.
China-Korea Petrochemical	40	200000 tons of JPP technology production line to produce K8009; 200000 tons of STPP technology production line has been started to produce SZ30S.
Ningbo Formosa Plastics	45	Small line production 5250, large line production 3015.

Third, the market forecast.

At present, the supply side is good, but the downstream production costs are high, the demand side conflicts, restricting the market upward, but increasing the risk of callback. Hercynian Plastic Trading Network predicts that the PP market will be dominated by a small consolidation tomorrow, digesting previous gains.

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