First, the market overview.
Today, petrochemical factory prices continue to expand the gains, PP futures main contract high open upward boost. The spot market was supported by two-way support, and the sentiment of speculation rose. The offer followed up with a rise of 100-400 yuan/ton. The resources were relatively small, and the increase in wire drawing and injection molding was obvious. In some areas, merchants held back their sales and actually negotiated the transaction. Shenhua's online auction closed 93.98 percent.
| 20 September | Sinopec PP | PetroChina PP |
| East China | Most rose 150-350 | Part up 100-300 |
| South China | Most rose 150-300 | Injection 250 |
| Central China | Steady | - |
| North China | Up 100-200 | Steady |
| Northeast | - | Increase 50-100 |
| Northwest | - | Steady |
| Southwest | - | Up 100-200 |
II. Analysis of influencing factors
Propylene:Today propylene market prices rise. Downstream polypropylene market rose sharply, powder plant operating rate is OK, propylene market mentality to good, prices continue to rise.
Device:
| Manufacturer | Annual Capacity(Tons) | PP plant dynamics |
| Fujian United | 67 | The first-line production of the new device is 1080K, the second-line temporary fault shutdown for one week, 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 PPB-M09; second-line production N-30S; third-line production K7726H. |
| Zhongjing Petrochemical | 35 | The first-stage unit is shut down due to insufficient supply of propylene monomer raw materials upstream, and the specific start-up time is yet to be determined. |
| Daqing Petrochemical | 10 | August 1 to September 8 maintenance, maintenance for 40 days. On September 9, the device was restarted and T30S was produced. |
| Donghua Energy (Ningbo) | 40 | On September 12, the device broke down and shut down, and it is planned to open within this week. |
Third, the market forecast.
Good news continued, but before the festival downstream factory capital turnover pressure, high market prices inhibit some of the demand for stock. Hercynian plastic trading network forecast, tomorrow PP market or wait-and-see adjustment.
