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The PP1901 contract opened at 9855 yuan, the highest was 9877 yuan, the lowest was 9701 yuan, and closed at 9742 yuan, down 92 yuan, or 0.
94%.
The volume was reported 498414 lots, and the position decreased by 21108 lots to 419670 lots
.
News: As of October 30, the PP capacity utilization rate of petrochemical enterprises nationwide was 91.
01%, down 0.
26%
from last week.
Regionally, the upstream MTO unit of the new plant (100,000 tons/year) of Zhongyuan Petrochemical in Central China has a shutdown plan, which affects the operating load of the downstream PP plant and the capacity utilization rate decreases.
The first line of Fujian United New Plant (330,000 tons/year) in South China was shut down for maintenance on the 28th, and the second line of the new plant (220,000 tons/year) was shut down for maintenance on the 29th, and the capacity utilization rate decreased
.
In other regions, the operation of petrochemical plants is stable, and the capacity utilization rate has not changed much
.
Raw material price: naphtha CF Japan reported 639.
12 US dollars / ton, -0.
31%; FOB Singapore is trading at $69.
24/b, -0.
40%.
ethylene CFR Northeast Asia 930 US dollars / ton, -0%; CFR Southeast Asia is trading at $845/mt, -0%.
South Korea's FOB propylene price is 1055 US dollars / ton, -0%, and the domestic propylene price is 9150 yuan / ton, +1.
10%.
Spot price: Southeast Asia quoted $1250, -0.
79%; The Far East was quoted at $1210/mt, -0%.
Domestic: North China Qilu reported 10450 yuan, -0%; East China Sanyuan 10400 yuan, -0.
95%; South China Maoming 10730 yuan, -0%.
PP1901 reduced its position and retreated, and yesterday's rebound results were recaptured by the bears, showing that the pressure on the upper side is still strong
.
Fundamentally, the low level of social inventory, the supply pressure is not large, the price is not supported, but crude oil pullback, spot and propylene prices loosened, downstream enterprises are not active in taking goods, and the market transaction is light to suppress
the price.
Technically, the MACD shock retreated, but the red column shortened, and the KDJ low and low flattened, indicating that the short-term trend is still repeated
.
In terms of operation, it is recommended that investors hold short orders in their hands with 10-day line profit
cautiously.
