PP this week market
This week the domestic PP prices show a downward trend, the overall decline in the 150-200 yuan / ton or so.When the Spring Festival approaching, the factory shut down after the closing replenishment holiday, the transaction is mainly concentrated among brokers, but the actual transaction subdued.Current East China In the region, oil inventories are not high and prices are relatively firm. In the rest of the week, PetroChina and Sinopec cut their prices and futures fell. Traders all underreported.
As of Thursday, drawing the mainstream price of 9100-9550 yuan / ton, the mainstream price of copolymer 9300-9900 yuan / ton.
Analysis of influencing factors
Good:
(1) propylene price stability, give PP a certain cost support.
(2) temporary parking of Datang, Xuzhou Haitian, Donghua Energy Yangtze River PP plant.
(3) petrochemical stocks down, currently at a lower middle level.
Negative:
(1) downstream industry downtime holiday, the procurement of raw materials ended.
(2) Sinopec, PetroChina enterprises have cut factory prices, the venue look around, near the Spring Festival, the transaction more scarce.
Market forecast
In a continuous decline in the futures climate, Sinopec, PetroChina plant prices have dropped, for the market in the weak demand, the transaction is more impoverished.
Excluding temporary parking Datang, Xuzhou Haitian, Donghua Energy, no business overhaul this week, petrochemical operating rate of decline, the petrochemical inventory before the Spring Festival act also makes the market more liquid resources.
Fortunately, there are not many imported materials and limited impact on the domestic spot offer.
In summary, the temporary parking of enterprises will also be restarted before the Spring Festival, the supply is still abundant, but the demand downturn, and next week on February 15 for the traditional New Year's Eve, the field gradually holiday, PP price next week is expected to domestic Maintain or continue to make a small profit, drawing quotation levels concentrated in 9100-9500 yuan / ton.