Zhenhai Refining & Chemical operates four PP production lines with a total annual capacity of 1.3 million tons. Currently, all lines are operating at normal load. The ex-factory reference price for wire drawing material T30S has been raised by 50 yuan to 6,850 yuan/ton. Spot prices from merchants are adjusted according to market conditions, and trading activity remains favorable.
PriceSeek's analysis of PP indicates a long-short score of 1.5. The report highlights that Zhenhai Refining & Chemical has increased the ex-factory reference price for PP by 50 yuan to 6,850 yuan/ton, with all production lines operating normally. Spot prices are adjusting in line with market dynamics, and trading activity remains satisfactory. This suggests that producers are proactively raising prices, reflecting strong demand-side support and good market acceptance, which significantly benefits spot PP prices. Given the current stable supply, spot prices are expected to maintain an upward trend in the short term.
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