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Polypropylene PP: Long and short positions are weak balanced, spot consolidation is running, waiting for upstream warehouse removal

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February 26, 2024, 4:12 PM

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My position is my friend. I mean, I'm my friend now. I'm my friend now.Bran branPP市场震荡整理,中国拉丝主流价格在7280-7500元/吨不等,华东地区低价上移,其他稳定。石化方面,两油周末小幅累库,当前库存水平在98万吨,维持在高位。今日石化出厂价格多数稳定,仅中石化华南、中油华南上调50-100元/吨,中石化华中个别专用料上调。煤企宁煤、宝丰下调其他稳定,场内整体货源成本支撑力度一般。但临近月末,石化即将停销结算,场内现货资源有所收敛。但PP期货震荡偏弱,贸易商提价同样困难。下游刚需入市,交投表现一般。


PPA é °è è μ °é host é zero μ ú ™°A @ O °è `/ I / √√ é é 0 °/ 0 °/ 0 °/ 0 °/98万吨高位;另一方面,装置新增检修有限,石化产量依旧居高不下,聚丙烯市场供应压力延续。作为需求端来看,下游工厂多已正常复工,虽有刚需补库预期,但下游新增订单有限,且对当前价位原料囤货意愿不大,随用随采为主,市场去库进程仍不容乐观。上游原料端来看,金融市场情绪略有降温,外围情绪降温推动原油盘面情绪修复,同时,地缘局势也有一定的缓和迹象,关注盘面下行修复的风险。现货成本端来看,出厂价格月末全线调整可能性不大,成本端当前只能起到托底作用,很难形成有效向上驱动。综合影响下,预计短期中国PP市场震荡整理为主,等待库存转移。


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