News Summary Core Viewpoint - The recent adjustments in propylene pricing and production levels indicate a stable supply-demand balance in the market, with slight fluctuations in production and demand across different sectors. Group 1: Pricing and Production - Dongying Hualian Petrochemical's latest propylene price has been reduced by 100 yuan/ton to 5753 yuan/ton, with an annual production capacity of 120,000 tons [1] - Propylene production in China for the week of December 12-18 reached 1.2271 million tons, an increase of 0.0006 million tons (0.05%) from the previous week [3] - Propylene operating load increased to 79.63%, up by 0.22% week-on-week, while propane and mixed propane dehydrogenation weekly operating load rose to 76.62%, up by 2.16% [1] Group 2: Market Dynamics - The top 20 futures companies for propylene had a total long position of 31,800 contracts and a short position of 30,900 contracts, resulting in a long-to-short ratio of 1.03, with a net position increase of 108 contracts [1] - The operating rates of downstream propylene factories showed mixed trends, with the highest increase in normal butanol due to the restart of several plants, while phenol ketone operating rates saw the largest decline due to shutdowns [3] - The overall supply of propylene remains relatively ample, with integrated companies still releasing propylene externally, indicating manageable inventory pressure for production companies [4]
生产企业库存压力可控 丙烯期货盘面仍维持震荡
Jin Tou Wang·2025-12-23 07:02