【PP Morning Tip】Demand performance is not satisfactory, restricting price movements; PP is expected to consolidate within a range.

Home > Information > News

【PP Morning Tip】Demand performance is not satisfactory, restricting price movements; PP is expected to consolidate within a range.

Longzhong 2025-04-02 08:41:24

1. Focus Areas

1 On April 1st, market focus shifted from oil-producing country sanctions to the US tariff increase policy, raising concerns about the drag on demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures May contract fell $0.28 to $71.20/barrel, down 0.39% month-on-month; ICE Brent futures June contract fell $0.28 to $74.49/barrel, down 0.37% month-on-month. China's INE crude oil futures main contract 2505 rose 11.6 to 549 yuan/barrel, with the night session up 4.3 to 553.3 yuan/barrel.

2 April 1: Propylene FOB South Korea remains stable at 800 dollars. / ton, CFR China is stable 825 Dollar / Ton.

3 On April 1st: The fifth line (300,000 tons/year) PP unit of Yulong Petrochemical restarted. The PP unit (300,000 tons/year) of Yan'an Energy Chemical underwent shutdown maintenance. The first line (70,000 tons/year) PP unit of Dushanzi Petrochemical underwent shutdown maintenance. The second line (140,000 tons/year) PP unit of Luoyang Petrochemical underwent shutdown maintenance. The first line (500,000 tons/year) PP unit of Inner Mongolia Baofeng underwent shutdown maintenance.

4 According to Longzhong Information on April 1st: The polyolefin inventory of the two oil companies is 800,000 tons, an increase of 70,000 tons compared to yesterday.

Core Logic: Follow-up on new downstream orders is limited, and the market lacks upward momentum. 。

Price List

Product	Category	3 May 31st	4 Month 1st Day	涨跌幅 Price fluctuation幅度 Translation: Price Fluctuation Range	unit
Crude oil	NYMEX	71.48	71.20	-0.28	USD/barrel
Crude oil	ICE Spread oil	74.74	74.49	-0.28	USD/BBL
Propylene	Domestic propylene	6650	6650	0	Yuan/ton
Methanol	Domestic methanol	2485	2485	0	Yuan/ton
PP Main Futures Contract	Closing price	7313	7352	+39	Yuan per ton
Mainstream price of wire drawing	Zibo	7295	7295	0	yuan/ton
	Ningbo	7354	7361	+7	Yuan/ton
	Guangzhou	7426	7419	-7	Yuan/ton
Related products	PP Pink	7150	7180	+30	Yuan/ton
Related products	PE	8065	8045	-20	Yuan per ton
Note:
1 The above RMB prices are all tax-inclusive spot exchange rates.
2 The two-period price refers to the spot prices from the two past working weeks prior to this week, not the weekly average price.
3 The increase or decrease is the month-on-month change in amplitude.

Three, Market Outlook

Four, Data Calendar

Data Project	Publication Date	Last Issue Data	Expected trend this period	Unit
PP Total inventory	Wednesday 16:30PM	85.86	↓	10,000 tons
PP Production enterprise capacity utilization rate	Thursday 4:30 PM	76.43%	↓	%
PP Weekly Maintenance Impact Quantity		15.612	↓	Ten thousand tons
Total Production of PP Enterprises in China	Thursday at 4:30 PM	73.2	↓	ten thousand tons
Profit of oil-based PP enterprises	Thursday at 4:30 PM	-426.21	↓	Yuan/ton
Coal-based PP enterprise profits	Thursday 4:30 PM	896	↑	yuan per ton
PDH Profit of PP manufacturing enterprises	Thursday 4:30 PM	-858.14	↓	Yuan per ton
PP	Thursday 4:30 PM	-324.83	↑	Yuan/ton
PP	Thursday 4:30 PM	36.15	↑	USD/ton
1 Consider fluctuations of ↑↓ as significant, highlighting data dimensions where the increase or decrease exceeds 3%. 2 、↗↘ are considered narrow fluctuations, highlighting data with price changes within 0-3%.

【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.

【PP Morning Tip】Demand performance is not satisfactory, restricting price movements; PP is expected to consolidate within a range.

Most Popular