Zhenhai Refining & Chemical has four PP production lines with a total annual capacity of 1.3 million tons. Currently, the overall operating load is normal. The ex-factory reference price of drawing material T30S has been raised by 50 yuan to 6,650 yuan/ton. Spot prices from merchants are adjusted according to market conditions, and trading activity is moderate.
PriceSeek's analysis of PP indicates a long-short score of 1. The article reports that Zhenhai Refining & Chemical has increased the ex-factory reference price of PP by 50 yuan to 6,650 yuan/ton, with normal operating load across all production lines. Spot prices are moving in line with market conditions, and trading activity remains moderate. This suggests stable supply and enhanced producer confidence, with demand-side support driving prices upward, generally benefiting PP spot prices. Considering the current active market trading, prices may continue to experience a moderate upward trend in the short term.
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