Market Overview - On October 15, propylene spot prices in East China were quoted at 6200 RMB/ton, while prices in Shandong were at 6250 RMB/ton [1] - The top 20 futures companies for propylene had a total long position of 19,200 contracts and a short position of 18,900 contracts, resulting in a long-to-short ratio of 1.01. The net position decreased by 82 contracts compared to the previous day, totaling 259 contracts [1] Industry Insights - Propylene downstream factory capacity utilization rates showed mixed trends, with the largest increase seen in phenol-ketone products due to the resumption of full operations at Longjiang Chemical's facility and the gradual ramp-up of Sinopec Mitsui's phenol-ketone plant [1] - According to Nanhua Futures, the overall propylene market remains loose, with the spot market experiencing some low-price purchasing interest after significant declines, although high prices continue to face resistance. The night trading session saw further declines, with costs continuing to impact the market [2] - Ruida Futures noted that the supply and demand for propylene are relatively balanced, with maintenance returns leading to weaker spot prices and futures maintaining a fluctuating trend. Short-term attention is on the support level of 6000 and resistance at 6150 [2]
成本坍塌依然影响盘面 丙烯期货维持震荡
Jin Tou Wang·2025-10-16 06:08