Shanghai Daoqin Plastics Co., Ltd.

        自 upper propylene market price large rear, lower factory 扭亏转盈, construction start and procurement property good, belt/tape propylene market formed good 转, market price has 望企稳反 elastic. currently propylene market supply 充足, lower product profit dilute thin, or made propylene market upper 行空间. therefore expected short inner propylene market price has 望调涨, 但涨幅 or will has 限.

         upper inner propylene market 利空积 poly, propylene market price pressure fall. 截至8 month 8 day, propylene market formed 交7450-7500元/吨, upper 周累计 fall 500元/吨, 跌幅6.27%.

         upper market main/primary factors:

        1, 国际原油连 day 暴跌, cost 面利空 impact obvious;

        2, polypropylene (PP) futures price 震荡走 low, powder material in stock price 回调;

        3, 天津渤化PDH plant/unit positive 常, lower propylene long supply amount increase;

        4, large 庆炼化 lower 游PP plant/unit 检修, large 庆石化 propylene outer 放;

        5, 潍坊弘 lubricating and 东辰石化 gas separation plant/unit 开车, propylene 产销恢复 positive 常;

        6, 山东 区东营港 and 潍坊港 propylene to increase;

        7, Luxi Chemical alcohol plant/unit low negative 荷运行;

        8, 东方宏业 polypropylene (PP) plant/unit drop negative.

        由此 can 见, propylene market 利空消息叠 add, 业者看空心态 concentrated thick, price already is large 势 趋. is propylene market price let 利, 临近周末, propylene market good 转, 触底反 elastic 迹象显现, also is which good factors 支撑呢?

        1, 沙特阿拉伯考虑采取 action retardant 止原油抛售, 人民币汇 rate stability, full 球股市 rise, 国际油价反 elastic;

        2, polypropylene (PP) futures price 震荡走 high, powder material in stock price 跟涨;

        3, more propylene lower product 扭亏转盈, construction start and procurement property has improve/increase.

        2019 year upper semi year, large separation propylene lower product can 观, 但自今 year 6 month 份起, propylene market price heavy fast speed high, lower product profit large pressure shrink, PP powder material more time cost 线附近殊死挣扎, 而丁辛 alcohol, acrylic and other lower product 持续亏 loss, construction start 维艰. upper 周, propylene market price large let 利, lower product 开始扭亏转盈, currently remove ketone still in loss outer, its propylene lower product is 盈利状态.

         product rear, polypropylene (PP), alcohol, acrylic and other lower factory construction start property obvious improve/increase. inner drop negative 东方宏业 polypropylene (PP) plant/unit negative improves, front 期停工 time relatively long 山东宏信 acrylic plant/unit 开车, 山东蓝帆丁辛 alcohol plant/unit, Dongming 东方丁辛 alcohol and polypropylene (PP) powder material plant/unit in 即, Luxi Chemical alcohol plant/unit has negative. 临近周末, lower factory procurement property improve/increase, separation lower factory low belt/tape market formed good 转, in and polypropylene (PP) futures rise and other good 消息提振 lower, propylene production enterprise 止跌企稳意愿显现, market high formed amount, low price decrease/reduce.

         that 么此波 propylene market price can elastic, also can elastic how much 呢?

        本周 propylene market main/primary effect/influence factors:

        1, 斯尔邦46 10,000 tons / year MTO plant/unit and 神华榆林30 10,000 tons / year MTO plant/unit expected heavy 启;

        2, Dongming propylene plant/unit 检修结束, separation propylene will outer 销;

        3, formed 石化7 10,000 tons / year propylene plant/unit plan 检修;

        4, large 庆石化 propylene outer increase amount;

        5, 天津渤化 lower long 约恢复 positive 常.

         short inner lower product 扭亏转盈, propylene demand performance good, or propylene market price elastic. currently inner propylene production enterprise construction start high, 炼厂库存 in upper, propylene market supply 充足, rear 市 看, market supply 面依旧承 pressure, or made market upper force degree. lower product 虽处于盈利 stage/phase, overall 盈利状况 versus for dilute thin, propylene market price large, separation lower product still 面临亏 loss 风险. therefore expected short inner propylene market price has 望调涨, 但涨幅 expected has 限. market 消息面纷杂, propylene price 涨跌走势不定, 建议各业者密切关注, combined 理操盘.