The two-phase production facilities of Yangzi Petrochemical have a combined PP capacity of 400,000 tons/year, with the current units operating at normal full load. The ex-factory reference price for drawing-grade F401 has been raised by 50 yuan to 6,650 yuan/ton. Spot prices from merchants are adjusted according to market conditions, and trading activity remains satisfactory. PriceSeek's analysis of PP shows a long-short score of 1. The ex-factory reference price for Yangzi Petrochemical's PP has increased by 50 yuan to 6,650 yuan/ton, with the units operating at normal load and stable supply. Merchants' spot prices are adjusted according to market conditions, and trading activity is satisfactory, indicating strong support from the demand side, which is favorable for spot prices. Combined with polypropylene futures data, the closing price of the main contract 2609 is 6,633 yuan/ton, up by 31 yuan, with a settlement price of 6,621 yuan/ton and an increase in open interest by 1,060 lots, reflecting a rise in market bullish sentiment. Futures prices are trending upward, driven by the increase in spot prices. The overall score is moderately favorable +1, as the price increase reflects tight supply and demand, but stable supply limits the extent of the rise.
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