【PP Monthly Review】Spot market contradictions accumulate, volatility narrows, and PP prices fluctuate downward.
1. This Month's Hot Topics
1. Downstream enters the peak season, with polypropylene demand showing a moderate recovery.
2. The loss volume remains high, with limited supply-side growth in polypropylene. 。
2. Polypropylene Market Review
This month, polypropylene prices have shown weak fluctuations, with filament prices running in the range of 7300-7400 yuan/ton, and the fluctuation range has narrowed, with the monthly average price decreasing by 0.78% compared to the previous month. In March, the third line of Inner Mongolia Baofeng was successfully put into production, and the demand benefited from the delivery of raw material export orders and the increase in downstream operations, presenting a situation of simultaneous supply and demand growth. However, the growth rate of supply exceeds that of demand, leading to the accumulation of contradictions in the spot market, and prices are oscillating downward. Overall, this month, the decline in non-standard products has been greater than that of standard products, especially for copolymer products, whose price decline has expanded. The main reason is that the high premium on copolymer products stimulates upstream companies' production enthusiasm, resulting in a rapid increase in supply that the market cannot absorb, causing the price decline of copolymers to widen and narrowing the price difference between filament and copolymer products.
3. Analysis of Domestic Polypropylene Unit Maintenance
Table of Polypropylene Enterprises' Maintenance Equipment Statistics for March
Unit: 10,000 tons/year
|
Province |
Enterprise Name |
Production capacity |
Maintenance start date |
Maintenance Completion Date |
Duration |
Daily loss quantity |
Total loss amount |
Note |
|
Liaoning |
Dalian Petrochemical |
5 |
2006/8/2 |
Pending |
31 |
150 |
4650 |
Regular maintenance |
|
Hubei |
Wuhan Petrochemical |
12 |
2021/11/12 |
Pending |
31 |
360 |
11160 |
Regular maintenance |
|
Heilongjiang |
Sea Country Dragon Oil |
20 |
2022/2/8 |
Pending |
31 |
600 |
18600 |
Regular maintenance |
|
Heilongjiang |
Sea Dragon Oil |
35 |
2022/4/3 |
Pending |
31 |
1050 |
32550 |
Regular Maintenance |
|
Tianjin |
Sinopec Tianjin |
6 |
2022/8/1 |
Pending |
31 |
180 |
5580 |
Regular Maintenance |
|
Liaoning |
Jinxi Petrochemical |
15 |
2023/2/16 |
Pending |
31 |
450 |
13950 |
Routine maintenance |
|
Qinghai |
Qinghai Salt Lake |
16 |
2023/10/27 |
Pending |
31 |
480 |
14880 |
Fault troubleshooting |
|
Jiangsu |
Changzhou Fude |
30 |
2023/11/1 |
Pending |
31 |
900 |
27900 |
Routine maintenance |
|
Shandong |
Wanhua Chemical |
30 |
2024/5/11 |
Pending |
31 |
900 |
27900 |
Routine maintenance |
|
Anhui |
Anhui Tianda |
15 |
2024/7/20 |
2025/3/10 |
10 |
450 |
4500 |
Fault Diagnosis and Repair |
|
Liaoning |
Fushun Petrochemical |
9 |
2024/8/2 |
To be determined |
31 |
270 |
8370 |
Regular maintenance |
|
Shandong |
Hongrun Petrochemical |
45 |
2024/8/8 |
Pending |
31 |
1350 |
41850 |
Cost maintenance |
|
Zhejiang |
Shaoxing Three Circles |
30 |
2024/8/23 |
Pending |
31 |
900 |
27900 |
Regular maintenance |
|
Liaoning |
Dalian Petrochemical |
7 |
2024/11/1 |
Pending |
31 |
210 |
6510 |
Regular maintenance |
|
Hebei |
Hebei Haiwei |
30 |
2024/11/14 |
2025/3/11 |
11 |
900 |
9900 |
Cost Maintenance |
|
Guangxi |
Guangxi Hongyi |
15 |
2024/11/28 |
Pending |
31 |
450 |
13950 |
Cost Inspection |
|
Shandong |
Jincheng Petrochemical |
15 |
2024/11/29 |
2025/3/31 |
31 |
450 |
13950 |
Regular maintenance检修 |
|
Shandong |
Lianhong New Materials |
8 |
2024/12/7 |
Pending |
31 |
240 |
7440 |
Regular Maintenance |
|
Shandong |
Qilu Petrochemical |
7 |
2025/1/6 |
Pending |
31 |
210 |
6510 |
Regular maintenance |
|
Henan |
Luoyang Petrochemical |
8 |
2025/2/6 |
Pending |
31 |
240 |
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