Pp morning alert: Market Quotes Continue Weak Consolidation

I. Points of Focus

1 、 On September 23, the instability of the Russia-Ukraine situation persists, and the U.S. may escalate sanctions against some oil-producing countries, leading to a rise in international oil prices. The NYMEX crude oil futures for the November contract increased by $1.13 per barrel to $63.41, a month-on-month increase of 1.81%. The ICE Brent crude futures for the November contract rose by $1.06 per barrel to $67.63, a month-on-month increase of 1.59%. China's INE crude oil futures for the 2511 contract fell by 8.9 to 475.3 yuan per barrel, and increased by 7.0 to 482.3 yuan per barrel in the night session.

2 On September 22, propylene FOB Korea dropped by 5 to 760 USD/ton, CFR China at 795 USD/ton.

3 This week (20250912-0918), the average operating rate of the domestic polypropylene downstream industry increased by 0.59 percentage points compared to last week, reaching 51.45%.

Core logic: "Double Festival" approachingManufacturing companies are actively destocking, and downstream demand has slightly improved.

II. Price List Form

3. Market Outlook

With the "double festival" approaching, some downstream factories have slightly increased their orders, and market transactions have slightly increased. However, overall demand is still far below expectations. Upstream production enterprises are actively reducing their inventories, and market quotations continue to undergo weak adjustments. It is expected that...The mainstream price for East China wire drawing today is 6,650-6,850 yuan/ton.

4. Data Calendar