Zhenhai Refining & Chemical has four PP production lines with a total annual capacity of 1.3 million tons. Currently, all lines are operating at normal loads. The ex-factory reference price for drawing material T30S has been raised by 50 yuan to 6,550 yuan/ton. Merchants' spot prices are adjusted according to market conditions, and trading activity remains favorable.

PriceSeek's analysis of PP indicates a bullish-bearish score of 1. The ex-factory reference price increase of 50 yuan to 6,550 yuan/ton reflects rising supply costs and active spot market trading, which is favorable for spot prices. Combined with polypropylene futures data, such as the closing price of the 2609 contract at 6,459 yuan/ton (up 51 yuan) and an increase in open interest, market sentiment appears bullish, potentially driving futures prices higher.