October 17 Polypropylene is expected to continue its weakness
October 17 Polypropylene is expected to continue its weakness, with the closing price of the closing price of 8075 yuan / ton, compared with _ trading 曰 -1.1%; The amount of 854,426 hands, +171,000 hands; positions 713,468 hands, 42,236 hands, the basis of 675 yuan, 1-5 spread 379 yuan. News: As of October 16, according to Longzhong Information, the total inventory of PP oil in two barrels of oil decreased this week, down 21.62% from the previous week and slightly lower than the same period last year by 4.13%. Among them, Sinopec's PP inventory decreased by 23.75% from last week; PetroChina's PP inventory decreased by 19.68% from last week.
Upstream raw material market: The market price of naphtha 曰 continues to decline, at $517.88/ton, -22.25. Propylene monomer The Asian market FOB Korea is at $900/ton, 0; CFR China is at $930/ton, 0. Domestic Shandong market price It is 7475 yuan / ton, -50; the northwest area is 7100 yuan / ton, 0.
Spot market: Today's polypropylene spot market is weak. East China market adjustment of 50-230 yuan / ton, the mainstream price is 875 0 yuan / ton, -150; South China, North China market adjustment 20-100 yuan / ton, South China mainstream price is 9200 yuan / ton, 0; North China The mainstream price of the district is 8,650 yuan / ton, -100. Warehouse receipts inventory: The exchange warehouse receipts reported 1 lot, today 0 hands, in the historical low zone. Main positions: The top 20 positions in the main contract were 219,842 lots, +12,888 lots, and the short positions were 222,933 lots. + 14788 lots, the net position is -3091 hands, the clearance increases.
Summary: This week, polypropylene petrochemical stocks and traders' inventories have all declined, and the speed of destocking is acceptable. But with the parking inspection Resumption of production, the recent proportion of drawing, homopolymer injection and copolymerization increased, it is expected that the supply will be further increased in the later period. Today's spot market is light, and merchants cut their unit prices. However, the downstream goods are kept cautious, and the general acceptance of high-priced goods is not High, with the use of mining. The main contract price of PP2001 continues to go down, running between the middle and lower rails of Brin, the price Insufficient upward momentum, pay attention to the support near 8000 below, the pressure around 8150 above, the expected price continues to be weak, It is recommended that the hand hollow can be held cautiously.