The Daqing Petrochemical PP unit, with an annual capacity of 100,000 tons, is operating at normal load. The ex-factory reference price for fiber-grade T30S has been raised by 60 yuan to 6,680 yuan per ton. Spot prices in the market are adjusted according to market conditions, and trading activity remains moderate.
PriceSeek analysis of PP indicates a bullish-bearish score of 1. The report highlights that the ex-factory reference price for Daqing Petrochemical PP fiber-grade T30S has increased by 60 yuan to 6,680 yuan per ton, while the unit is operating at normal load. This suggests stable supply in the spot market but a strengthening price trend, likely driven by rising demand or increasing costs, which is favorable for spot prices.
Combined with the recent settlement price of the polypropylene futures main contract (e.g., the 2605 contract) at 6,831 yuan, up by 65 yuan, the overall market sentiment appears bullish. The spot price increase may further support the upward movement of futures, and prices are expected to remain relatively strong in the short term.
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