聚丙烯产业日报 2025-06-03 统消费旺季，近期国际油价走强。PP供需偏弱格局未改，不过需关注油价波动导致短期价格反弹。技术上 助理研究员: 徐天泽 期货从业资格号F03133092 ，PP2509下方关注6840附近支撑，上方关注6940附近压力。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 6884 | 9 1月合约收盘价:聚丙烯(日,元/吨) | 6822 | 20 | | | 5月合约收盘价:聚丙烯(日,元/吨 ...

淡季，需求端疲势预计维持。成本方面，近期国际油价受OPEC+增产、美欧关税谈判延期等因素影响震荡 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 聚丙烯产业日报 2025-05-28 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 6893 | -3 1月合约收盘价:聚丙烯(日,元/吨) | 6838 | -14 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 6840 | -29 9月合约收盘价:聚丙烯(日,元/吨) | 6893 | -3 | | | 成交量聚丙烯(PP)(日,手) | 318073 | -2721 持仓量聚丙烯(PP)(日,手) | 520503 | -4691 | | | 前20名持仓:买单量:聚丙烯(日,手) | 426503 | 5483 前20名持仓:卖单量:聚丙烯(日,手) | 462568 | -64 ...

聚丙烯产业日报 2025-05-27 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 6896 | -33 1月合约收盘价:聚丙烯(日,元/吨) | 6852 | -33 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 6869 | -30 9月合约收盘价:聚丙烯(日,元/吨) | 6896 | -33 | | | 成交量聚丙烯(PP)(日,手) | 320794 | 18511 持仓量聚丙烯(PP)(日,手) | 525194 | 32590 | | | 前20名持仓:买单量:聚丙烯(日,手) | 421020 | 31518 前20名持仓:卖单量:聚丙烯(日,手) | 469014 | 22871 | | | 前20名持仓:净买单量:聚丙烯(日,手) | -47994 | 8647 仓单数量:聚丙烯PP(日,手) | 4478 | -778 | | 现货市场 | PP(纤维/注塑):CFR东南亚:中间价(日,美 | 899 | ...

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - PP2509 closed at 7054 yuan/ton, down 0.03% from the previous settlement price. Supply-side: last week, PP production decreased by 4.00% to 74.86 million tons week-on-week, and capacity utilization decreased by 3.19% to 76.56%. Demand-side: last week, downstream开工率 stopped falling and rebounded, with the average开工率 increasing by 0.33% to 49.83%. This week, PP commercial inventory decreased by 2.61% to 81.67 million tons week-on-week, maintaining a destocking trend with little inventory pressure. Affected by the restart of devices such as Dongguan Juzhengyuan and Maoming Petrochemical, this week's production and capacity utilization are expected to increase week-on-week. In June, the marginal impact of PP maintenance will weaken, and supply pressure is expected to rise. Benefiting from the tariff reduction, downstream product enterprises are actively increasing production, but currently, the PP downstream is seasonally weak, and terminal procurement is cautious, with relatively limited improvement on the demand side. In terms of cost, the nuclear negotiation between the US and Iran is deadlocked, and the US is continuing to promote tariff negotiations with other countries, with international oil prices being strong recently. In the short term, the operating range of PP2509 is expected to be around 7000 - 7090 [2] Group 3: Summary by Related Catalogs Futures Market - The closing price of the main futures contract for polypropylene was 7054 yuan/ton, up 7 yuan; the closing price of the January contract was 6996 yuan/ton, up 6 yuan; the closing price of the May contract was 6990 yuan/ton, up 20 yuan; the closing price of the September contract was 7054 yuan/ton, up 7 yuan. The trading volume of polypropylene (PP) was 230,394 lots, a decrease of 34,506 lots; the open interest was 430,911 lots, an increase of 4,134 lots. The long positions of the top 20 holders were 342,470 lots, an increase of 2,260 lots; the short positions were 387,707 lots, an increase of 4,775 lots; the net long positions were -45,237 lots, a decrease of 2,515 lots. The number of warehouse receipts was 6,285 lots, a decrease of 40 lots [2] Spot Market - The CFR Southeast Asia intermediate price of PP (fiber/injection molding) was 909 US dollars/ton; the CFR Far East intermediate price of PP (homopolymer injection molding) was 869 US dollars/ton. The duty-paid self-pickup price of PP (drawn grade) in Zhejiang was 7,250 yuan/ton, a decrease of 10 yuan/ton [2] Upstream Situation - The CFR China price of propylene was 806 US dollars/ton, unchanged; the CFR Far East price of propane was 569 US dollars/ton, a decrease of 5 US dollars/ton. The FOB price of naphtha in Singapore was 61.46 US dollars/barrel, a decrease of 0.09 US dollars; the CFR price of naphtha in Japan was 569.63 US dollars/ton, an increase of 0.25 US dollars/ton [2] Industry Situation - The operating rate of polypropylene (PP) in petrochemical enterprises was 76.56%, a decrease of 3.19 percentage points [2] Downstream Situation - The average operating rate of polypropylene was 49.83%, an increase of 0.33 percentage points; the operating rate of plastic weaving was 45.3%, an increase of 0.5 percentage points; the operating rate of injection molding was 56.32%, an increase of 0.32 percentage points; the operating rate of BOPP was 59.93%, an increase of 2.29 percentage points; the operating rate of PP pipes was 36.93%, unchanged; the operating rate of tape master rolls was 50.72%, unchanged; the operating rate of PP non-woven fabrics was 37.35%, a decrease of 0.38 percentage points; the operating rate of CPP was 50%, a decrease of 0.5 percentage points [2] Option Market - The 20-day historical volatility of polypropylene was 10.68%, a decrease of 0.08 percentage points; the 40-day historical volatility was 11.28%, a decrease of 0.01 percentage points. The implied volatility of at-the-money put options was 11.11%, a decrease of 0.76 percentage points; the implied volatility of at-the-money call options was 11.09%, a decrease of 0.78 percentage points [2] Industry News - From May 9th to 15th, domestic polypropylene production was 74.86 million tons, a decrease of 4.00% from the previous week; the polypropylene capacity utilization rate decreased by 3.19 percentage points to 76.56%. From May 9th to 15th, the average operating rate of the domestic polypropylene downstream industry increased by 0.33 percentage points to 49.83%. As of May 21st, the total commercial inventory of polypropylene in China was 81.67 million tons, a decrease of 2.61% from the previous period [2]

本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 7047 | -31 1月合约收盘价:聚丙烯(日,元/吨) | 6990 | -28 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 6970 | -167 9月合约收盘价:聚丙烯(日,元/吨) | 7047 | -31 | | | 成交量聚丙烯(PP)(日,手) | 264900 | -12422 持仓量聚丙烯(PP)(日,手) | 426777 | 11992 | | | 前20名持仓:买单量:聚丙烯(日,手) | 340210 | 11917 前20名持仓:卖单量:聚丙烯(日,手) | 382932 | 7092 | | | 前20名持仓:净买单量:聚丙烯(日,手) | -42722 | 4825 仓单数量:聚丙烯PP(日,手) | 6325 | 0 | | | PP(纤维 ...

面国内需求季节性偏弱。美国对华关税税率下降，利好终端塑料制品出口。成本方面，贸易紧张局势缓解 ，近期国际油价震荡上涨。PP2509盘面上仍有偏强趋势，上方测试7220附近压力。 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 7193 | 119 1月合约收盘价:聚丙烯(日,元/吨) | 7136 | 113 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 7220 | 81 9月合约收盘价:聚丙烯(日,元/吨) | 7193 | 119 | | | 成交量聚丙烯(PP)(日,手) | 521555 | 103149 持仓量聚丙烯(PP)(日,手) | 425856 | -20311 | | | 前20名持仓:买单量:聚丙烯(日,手) | 327151 | -797 前20名持仓:卖单量 ...

荡。短期内PP2509预计偏强震荡，上方关注7090附近压力。 免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 7030 | 63 1月合约收盘价:聚丙烯(日,元/吨) | 6978 | 92 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 7100 | 24 9月合约收盘价:聚丙烯(日,元/吨) | 7030 | 63 | | | 成交量聚丙烯(PP)(日,手) | 399837 | 145447 持仓量聚丙烯(PP)(日,手) | 457686 | -19019 | | | 前20名持仓:买单量:聚丙烯(日,手) | 333096 | -3458 前20名持仓:卖单量:聚丙烯(日,手) | 362013 | -5370 | | | 前20名持仓:净买单量:聚丙烯(日,手) | -28917 | 1912 仓单数量:聚丙烯PP(日,手) | 4076 | 276 | | 现货市场 | PP(纤维/注塑):CFR东南亚:中 ...

聚丙烯产业日报 2025-04-28 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 7112 | 15 1月合约收盘价:聚丙烯(日,元/吨) | 7054 | 26 | | | 5月合约收盘价:聚丙烯(日,元/吨) | 7195 | 8 9月合约收盘价:聚丙烯(日,元/吨) | 7112 | 15 | | | 成交量聚丙烯(PP)(日,手) | 236249 | -7269 持仓量聚丙烯(PP)(日,手) | 397139 | -9623 | | | 前20名持仓:买单量:聚丙烯(日,手) | 269897 | -26849 前20名持仓:卖单量:聚丙烯(日,手) | 284295 | -25111 | | | 前20名持仓:净买单量:聚丙烯(日,手) | -14398 | -1738 仓单数量:聚丙烯PP(日,手) | 4669 | -124 | | 现货市场 | PP(纤维/注塑):CFR东南亚:中间价(日,美 | 934 | PP ...

聚丙烯产业日报 2025-04-08 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 增长；管材订单增长稍显乏力；BOPP订单持续下降。美国关税政策落地，终端制品出口受到抑制。成本方 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 面，OPEC+超预期增产，叠加美国关税削弱全球经济增长预期，国际油价偏弱；中国对美关税反制，提高P DH工艺生产成本。美国关税政策仍有不确定性，商品价格波动放大。短期内PP2505预计震荡走势。 免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚丙烯(日,元/吨) | 7200 | 3 1月合约收盘价:聚丙烯(日,元/吨) | 7081 | -37 | | ...