Last week, the main contract of PP1901 fluctuated upwards, closing at 10056 yuan, up 239 yuan, or 2.43%; the number of positions increased by 70,000 hands, to 560,000 hands, an increase of 14%.
The spot transaction was good, as of last Friday, PP drawing East China delivery products 10400~10450 yuan.
On the supply side, Yangzi Petrochemical, Zhongjing Petrochemical, Fujian United, and Fuji Chemical's recent temporary parking, drawing rate of 19.65%. In the latter part of the year, with Shenhua Ning coal, Shenhua Baotou and recent sets of short stop devices to repair and repair, PP supply is tight The situation will be eased and supply will pick up.
On the demand side, BOPP orders are stable, the price is raised, the profit is restored, and the overall downstream operating rate is still improving.