First, the market overview.
Two barrels of oil inventory digestion quickly, the factory price of most of the substantial increase in 100-550 yuan/ton. The main contract of PP futures hit a new high since 2014. In early trading, it fluctuated at a high level in the range of 10420-10529. The spot market had few circulating resources. Some merchants intended to receive goods at a low price in the morning. Then the speculation atmosphere was high. Prices generally rose by about 100-300 yuan/ton, with the highest increase in the day reaching 550 yuan/ton. The market price of wire drawing materials has exceeded 11000 yuan/ton, and there is pressure to receive goods at high prices downstream. Shenhua's online auction closed 98.42 percent.
| 9 October | Sinopec PP | PetroChina PP |
| East China | Steady | Part up 100-200 |
| South China | The whole line rose 200-550 | Increase 50-250 |
| Central China | Most rose 150-400 | - |
| North China | Intentional increase | Most rose 100-250 |
| Northeast | - | General rise 100-200 |
| Northwest | - | Most rose 100-400 |
| Southwest | - | Most rose 100-300 |
II. Analysis of influencing factors
Propylene:Today propylene market prices continue to rise. Although the price of crude oil closed down slightly overnight, the Asian propylene market rose steadily and boosted. The domestic propylene market was driven by the strong rise in the downstream polypropylene futures price. In addition, the purchase of powder factories was acceptable, and the price continued to rise.
Device:
| Manufacturer | Annual capacity (tons) | PP plant dynamics |
| Fujian United | 67 | The first line of the new installation produces 1104K daily, 34G on the 4th, 2832E on the 6th, 1100N on the second line during the festival, 1714E on the 8th, and T30S on the old installation. |
| Maoming Petrochemical | 67 | First-line production PPH-T03; second-line production N-Z30S; third-line production K8003. |
| Ningbo Formosa Plastics | 45 | Small line conversion 1080, large line conversion 1120. The factory plans to stop for about a month on October 10. |
| Beihai Refining and Chemical | 20 | Production Z30S. |
| Sinochem Quanzhou | 20 | Production L5D98. |
3. market forecast
The downstream peak season demand is relatively stable, but the market resources are tight and the cost is high, and the business speculation mentality is obvious. Hercynian Plastic Trading Network predicts that the PP market will remain high tomorrow, and the future market will pay attention to the high pressure of futures.
