建信期货聚烯烃日报-20250415

Group 1: Report Summary - The report is a daily report on the polyolefin industry dated April 15, 2025, from the Energy and Chemical Research Team of CCB Futures [1][2] Group 2: Market Quotes - In the futures market, prices of most polyolefin contracts showed small fluctuations. For example, L2509 closed at 7,264 yuan/ton, up 66 yuan (0.92%), and PP09 closed at 7,189 yuan/ton, up 8 yuan (0.11%) [3][4] Group 3: Market Review and Outlook - Futures prices fluctuated narrowly, providing little guidance for the spot market. Traders mainly sold goods according to market conditions. Downstream demand remained stable, while upstream plants were in a period of concentrated maintenance, leading to a decline in overall operating load compared to March. The import market was affected by tariffs, with a possible slight reduction in imports. The cost of PP was supported, and there were expectations of reduced supply. In the short term, policy uncertainties increased price volatility, and the rebound of PP was stronger than that of PE [4] Group 4: Industry News - The inventory level of major producers was 790,000 tons, an increase of 50,000 tons (6.76%) from the previous working day, compared to 880,000 tons in the same period last year. The PP market fluctuated narrowly, with prices in different regions ranging from 7,150 - 7,400 yuan/ton. The PE market prices also had narrow fluctuations, with different price ranges in different regions [5][6] Group 5: Data Overview - The report includes data on L-PP spread, crude oil futures settlement price, L and PP basis, and inventory of two major oil companies, with data sources from Wind and Zhuochuang Information [11][13][15]