The 100,000-ton/year PP unit at Daqing Petrochemical is operating at normal capacity, with the ex-factory reference price for drawing grade T30S raised by 50 yuan to 6,260 yuan/ton. Spot prices from merchants are adjusted in line with market conditions, and trading activity remains favorable. PriceSeek analysis of PP: Bull-Bear Score: +1. The article indicates that the PP unit at Daqing Petrochemical is operating normally, with the ex-factory reference price for drawing grade T30S increased by 50 yuan to 6,260 yuan/ton. Merchants are adjusting spot prices according to market conditions, and trading is active, reflecting strong spot demand and firm pricing on the supply side, which directly supports spot prices. Combined with polypropylene futures market data, such as the closing price of the 2609 contract at 6,540 yuan (up 89 yuan) and an increase in open interest by 10,540 lots, market sentiment appears bullish. This news may further support an upward trend in futures prices, as the rise in spot prices reinforces expectations for futures. Overall assessment: The price increase is moderate, and market reaction is positive, resulting in a general bullish score of +1.0.
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