Report Information - Report Type: Polyolefin Daily Report [1] - Date: July 23, 2025 [2] Core Viewpoint - The futures market opened higher and fluctuated weakly, dampening market trading sentiment. With some ex - factory prices adjusted, traders quoted prices with narrow fluctuations. Downstream buyers purchased according to orders, and the willingness to replenish inventory was average. The current downstream agricultural film production is at the lowest level of the year, and there are no obvious signs of improvement in the production of pipes and plastic weaving. The Ministry of Industry and Information Technology's push to adjust the structure and optimize the supply of key petrochemical industries has limited substantial impact on the polypropylene and plastic industries, and short - term capacity adjustment is difficult. Currently, the commodity sentiment is boosted by bulls, and polyolefins continue to oscillate strongly following the sector [6]. Market Quotes Futures Market | Variety | Opening Price (yuan/ton) | Closing Price (yuan/ton) | Highest Price (yuan/ton) | Lowest Price (yuan/ton) | Increase (yuan/ton) | Increase Rate (%) | Open Interest | Change in Open Interest | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Plastic 2601 | 7325 | 7416 | 7420 | 7313 | 107 | 1.46 | 139453 | 5019 | | Plastic 2605 | 7318 | 7420 | 7425 | 7312 | 135 | 1.85 | 5593 | 1714 | | Plastic 2509 | 7287 | 7368 | 7373 | 7264 | 92 | 1.26 | 394148 | - 13406 | | PP2601 | 7092 | 7170 | 7180 | 7077 | 98 | 1.39 | 148412 | 17094 | | PP2605 | 7078 | 7159 | 7165 | 7073 | 96 | 1.36 | 9057 | 1218 | | PP2509 | 7091 | 7168 | 7173 | 7076 | 93 | 1.31 | 382806 | - 9868 | [5] Spot Market - On July 22, 2025, the inventory level of major producers was 790,000 tons, a decrease of 30,000 tons (3.66%) from the previous working day. The inventory in the same period last year was 765,000 tons [9]. - PE market prices showed mixed trends. The price of linear LLDPE in North China was 7140 - 7400 yuan/ton, in East China was 7180 - 7580 yuan/ton, and in South China was 7280 - 7550 yuan/ton [9]. - The price of the Shandong propylene market remained stable. As of 12:00, the reference price was 6350 - 6400 yuan/ton, unchanged from the previous day. With limited guidance from the news, enterprise quotations were mainly stable, and individual prices were slightly lowered [9]. - The PP market showed a warm adjustment, with some prices rising by 10 - 20 yuan/ton. The actual demand for raw materials from downstream factories was difficult to increase, and they were cautious when entering the market to purchase. Actual transactions focused on negotiation. In the morning, the mainstream price of North China drawstrings was 6970 - 7130 yuan/ton, in East China was 7050 - 7170 yuan/ton, and in South China was 7010 - 7200 yuan/ton [9].
建信期货聚烯烃日报-20250723
Jian Xin Qi Huo·2025-07-23 01:40