部分下游采购积极性减弱 丙烯盘面震荡运行

Core Viewpoint - Propylene futures experienced slight fluctuations, closing at 6420.0 yuan with a 0.22% increase, indicating a mixed market sentiment regarding future price movements [1] Group 1: Market Analysis - Newhu Futures reported that propylene prices are fluctuating, with current spot prices at 6600 yuan/ton in East China and 6680 yuan/ton in Shandong, indicating limited circulation pressure in Shandong due to some plants planning to restart [1] - The new production capacity scheduled for September is mostly paired with downstream facilities, which will have a limited impact on circulating spot prices [1] - The rising price of propane is providing cost support, while terminal demand remains stable, leading to thin production profits and low acceptance of high-priced sources by manufacturers [1] Group 2: Supply and Demand Dynamics - Huatai Futures noted that the supply side is tightening, with the restart of Wanhu's facilities and expectations for Hebei Haiwei's restart, while Shandong Zhenhua's PDH restart is delayed until mid to late September [1] - The overall operating rate of propylene is declining, which supports the continuous rise of spot prices, although high propylene prices are compressing downstream profits, leading to reduced purchasing enthusiasm [1] - The cost side remains supported by OPEC+ production expectations and stable external propane prices, while the overall sentiment towards propylene remains cautious [1]