Group 1: General Information - Report title: Polyolefin Daily Report [1] - Date: September 17, 2025 [2] - Research team: Energy and Chemical Research Team [4] Group 2: Market Quotes - Futures market quotes: For plastic 2601, the opening price was 7232 yuan/ton, the closing price was 7234 yuan/ton, up 32 yuan/ton (0.44%), with a trading volume of 25.6 lots and a decrease in positions by 30939 to 524036 lots; for PP2601, the closing price was 6970 yuan/ton, up 24 yuan (0.35%), with a decrease in positions by 34852 to 581302 lots [5] Group 3: Market Review and Outlook - Market performance: Futures opened higher and fluctuated, boosting market trading sentiment. Spot prices rose in some areas, and terminal buyers purchased raw materials as needed [6] - Supply situation: Upstream maintenance levels exceeded expectations, with more shutdown devices. Production capacity utilization and output declined. New PP production capacity from CNOOC Daxie Phase II brought supply pressure, and there were still second - line devices to be put into production in September [6] - Demand situation: The downstream was in the transition from the off - season to the peak season. The agricultural film industry entered the peak season, with the operating load rising but at a relatively low level compared to the same period. The overall demand was not fully released. The operating rate of PP downstream industries increased, and there was still room for demand recovery [6] - Cost situation: Due to the expected increase in crude oil supply and a weak medium - to - long - term fundamental outlook, cost support weakened [6] - Overall situation: The market was in a pattern of both supply and demand recovery. As low - price resources were gradually consumed, the price center stabilized and rebounded [6] Group 4: Industry News - Inventory: On September 16, 2025, the inventory level of major producers was 670,000 tons, a decrease of 30,000 tons (4.29%) from the previous working day, compared to 820,000 tons in the same period last year [7] - PE price: PE market prices rose in some areas. The LLDPE price in North China was 7140 - 7450 yuan/ton, in East China was 7230 - 7700 yuan/ton, and in South China was 7320 - 7750 yuan/ton [7] - Propylene price: The mainstream price of propylene in Shandong was 6530 - 6620 yuan/ton, a decrease of 25 yuan/ton from the previous working day. The demand support was weak, and the market transaction price was at the lower end [7] - PP price: PP market prices rose slightly in some areas. The mainstream price of North China drawstrings was 6740 - 6880 yuan/ton, in East China was 6720 - 6930 yuan/ton, and in South China was 6720 - 6930 yuan/ton [7][8]
建信期货聚烯烃日报-20250917
Jian Xin Qi Huo·2025-09-17 01:42