First, the market overview.
Today, petrochemical stocks accumulated at the beginning of the week, but the increment was not much, and some ex-factory prices increased by 50-200 yuan/ton. PP futures main contract opened after the adjustment to the upside, to the spot market to bring a boost. The market offer was accompanied by a rise of 50-150 yuan/ton, with obvious increases in some areas and fair transactions. Shenhua's online auction closed 100 percent.
| 17 September | Sinopec PP | PetroChina PP |
| East China | Part up 100-150 | Part up 50-150 |
| South China | Part up 100-150 | Steady |
| Central China | Part up 100-200 | - |
| North China | Steady | Steady |
| Northeast | - | Part up 50 |
| Northwest | - | Steady |
| Southwest | - | Part up 50 |
II. Analysis of influencing factors
Propylene:Today propylene market prices rose slightly. Today's downstream polypropylene futures rose, driving the powder market price to rise, the purchase of raw materials is still available, and the Chinese chemical online auction premium, propylene refinery prices slightly increased.
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. The new unit is scheduled to be shut down for maintenance for 45 days at the end of October, while the old unit is scheduled for maintenance for 40 days at the beginning of November. |
| Maoming Petrochemical | 67 | First-line production HHP4; second-line production N-30S; third-line production K7726H. |
| Ningbo Formosa Plastics | 45 | Small line conversion 5200XT, large line production 3015. The manufacturer plans to overhaul 10 copies for one month. |
| Sichuan Petrochemical | 44 | HS98G production. |
| Shenhua Ningmei Coal to Oil Project | 60 | The upstream coal-to-oil plant was started on the 13th, and the PP plant was started on September 20 as planned. It is planned that one line will produce 1102K and one line will produce 2500H. |
Third, the market forecast.
In the petrochemical and futures two-way support, the pre-holiday market or maintain a high level. Hercynian Plastic Trading Network predicts that the PP market will be adjusted to 20-100 yuan/ton tomorrow.
