9月17日中国聚丙烯市场回顾
Domestic petrochemical inventories: Polyolefin inventories of both crude and crude oil products reached 650,000 tons, down 20,000 tons from yesterday.
Futures Analysis:
The PP2601 contract price fluctuated upward in the evening session on September 17th. The price center of gravity gradually shifted downward in the morning session. The price initially rose in the afternoon session before declining, reaching a relative low for the day before recovering slightly. The PP2601 contract price fluctuated upward in the evening session on September 17th. The price center of gravity gradually shifted downward in the morning session. The price initially rose in the afternoon session before declining, reaching a relative low for the day before recovering slightly.
Opening price: 6977, high: 6996, low: 6970, with a spread of 26. Opening volume: 570,841. Settlement price: 6982. Yesterday's settlement price: 6992, a decrease of 10. Daily trading volume: 183,494 lots. Deposited funds: 2.79 billion yuan. Outflow: 46.24 million yuan.
Mainstream wire drawing market quotes:
Mainstream wire drawing market quotes:
Domestic spot market analysis:
The domestic PP market showed an overall stable trend today. Prices declined only in South China, while prices in North China, East China, Southwest China, and Northwest China all remained stable. In terms of price: The mainstream domestic polypropylene price ranges from 6,750 to 7,060 yuan/ton. The PP market is currently operating smoothly, with manufacturers maintaining their ex-factory prices, with only a few adjusting prices by 10-320 yuan/ton based on their own circumstances. Downstream demand continues to be driven by just-in-time purchases, and overall consumption is recovering slowly, with limited pull on the spot market. This has led to limited volume growth in spot transactions and a narrow price consolidation. Furthermore, traders are reducing inventory at lower prices to mitigate potential risks, further dampening market sentiment and overall trading activity.
Market Forecast:
The current market is influenced by a complex interplay of bullish and bearish factors, presenting an overall complex dynamic. On the positive side, the continued effectiveness of US sanctions on oil-producing countries, coupled with geopolitical uncertainty, has provided support to the crude oil market.
Market Forecast: The current market is influenced by a complex interplay of bullish and bearish factors, presenting an overall complex dynamic. On the positive side, the continued effectiveness of US sanctions on oil-producing countries, coupled with geopolitical uncertainty, has provided support to the crude oil market.
On the negative side, OPEC+'s insistence on increasing production and the lack of momentum in the global economic recovery are suppressing market demand. From a downstream perspective, factories are struggling to keep up with orders, and merchants are adopting a cautious purchasing approach, generally focusing on replenishing stock on demand.
Furthermore, downstream demand has yet to fully recover, and the market is reluctant to accept high-priced raw materials, leading to a pronounced resistance. On the supply side, the Gulei Petrochemical PP plant is expected to resume production today, further replenishing market supply. Furthermore, with the National Day and Mid-Autumn Festival approaching, the market is entering a wait-and-see phase amidst the festive atmosphere. Overall, the polypropylene market is expected to maintain a volatile and consolidating pattern in the short term.
Domestic
Furthermore, downstream demand has yet to fully recover, and the market is reluctant to accept high-priced raw materials, leading to a pronounced resistance. On the supply side, the Gulei Petrochemical PP plant is expected to resume production today, further replenishing market supply. Furthermore, with the National Day and Mid-Autumn Festival approaching, the market is entering a wait-and-see phase amidst the festive atmosphere. Overall, the polypropylene market is expected to maintain a volatile and consolidating pattern in the short term.
Domestic PP Index: According to Tuduoduo data, the domestic PP spot index was 6859.00 on September 17, down 5 points, or 0.07%.
Guoneng Coal Chemical's auction volume today was 1,566 tons, a decrease of 16.57% from yesterday; 837 tons were sold, a decrease of 46.79% from yesterday, resulting in a 53.45% sell-through rate, a decrease of 30.36% from yesterday.
Our platform connects hundreds of verified
Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.
