PP：现货下跌，低价成交较好

Report Industry Investment Rating - No specific investment rating provided in the report Core View - The domestic PP market declined by 10 - 50 yuan/ton. PP futures fluctuated weakly, suppressing the spot market trading atmosphere. Some petrochemical enterprises lowered their factory prices, weakening the cost - side support for goods. Traders focused on shipping, and their quotes slightly loosened to promote transactions. Downstream terminal orders did not follow up well, and the willingness to purchase raw materials was insufficient. The overall real - trading atmosphere was average, but the low - priced resources in some areas had relatively good transactions [2] Summary According to Relevant Catalogs Fundamental Tracking - Futures Data: The closing price of PP2509 was 7084, with a daily decline of 0.42%. The trading volume was 268,911, and the open interest decreased by 24,092 [1] - Spread Data: The basis of the 09 contract was 46 (previous day: 56), and the spread between the 09 - 01 contracts was 58 (previous day: 47) [1] - Spot Price Data: In North China, the spot price was 7060 - 7180 yuan/ton (previous day: 7080 - 7230 yuan/ton); in East China, it was 7130 - 7250 yuan/ton (previous day: 7130 - 7300 yuan/ton); in South China, it was 7150 - 7250 yuan/ton (previous day: 7160 - 7300 yuan/ton) [1] Spot News - The domestic PP market declined by 10 - 50 yuan/ton. PP futures' weak fluctuation suppressed the spot market. Some petrochemical enterprises cut prices, weakening cost support. Traders aimed to sell, and downstream demand was weak, but low - priced resources in some areas had good sales [2] Trend Intensity - The PP trend intensity was 0, indicating a neutral trend [2]