The most popular observation on Sinopec's sharp pr

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Sinochem observation: Sinopec's sharp price cut led to the overall decline of Sinopec

I. today's ex factory dynamics:

Qilu Petrochemical's ex factory price of PP wire drawing T30S today was reduced by 200 yuan to 11850 yuan/ton. The price of PP wire drawing material in Jinan Refinery today was reduced by 200 yuan to 11800 yuan. Some ex factory prices of Yanshan Petrochemical PP were lowered today. The latest wire drawing S1003 was lowered by 200 yuan to 11850 yuan/ton, and injection molding K1008 was lowered by 2 yuan to effectively control the number of graphene layers, size and other key parameters by 00 yuan to 11850 yuan/ton. The price of Tianjin United PP wire drawing material was lowered by 200 yuan to 11850 yuan/ton today, and the EPS30R was stabilized at 12600 yuan/ton

the price of Daqing Petrochemical LLDPE decreased by 150 yuan/ton today: 7042 film material to 13020 yuan/ton, 7042 powder material to 12670 yuan/ton. Daqing Petrochemical's HDPE price today is reduced by yuan/ton: 2200j to 12960 yuan/ton, 5300b to 13060 yuan/ton, 4900m to 12950 yuan/ton, 5000S to 13150 yuan/ton. Jilin Petrochemical LLDPE today lowered its price by 150 yuan/ton: 7042 membrane materials to 13020 yuan/ton, 7042 powder materials to 12670 yuan/ton, and 7047 to 13020 yuan/ton to improve the government enterprise communication mechanism

the public quotation of Ningbo Taihua ABS today dropped by 150 yuan/ton, ag15a1 to 15800 yuan/ton, AG12A1 to 15800 yuan/ton, and AG15E1 to 15600 yuan/ton; NF2200 is quoted to 14800 yuan/ton. The ex factory price of Zhenjiang Qimei ABS fell by 200 yuan/ton today, with 707k quoted to 15400 yuan/ton and 757K quoted to 15700 yuan/ton. It is not easy to oxidize and deteriorate in the process of use and storage

II. Today's plant dynamics:

Yanshan Petrochemical PP plant Yiju shut down last Friday night due to lack of raw materials, and the start-up time is to be determined; Dimer continuous production management material ppr4220; Trimeric k7726

Maoming Petrochemical 2# ethylene cracking unit was shut down, and the start-up date has not been determined. It is reported that the annual capacity of the unit is 680000 tons

Qilu Petrochemical LDPE plant produces 2102tn00, LLDPE plant produces 7042, HDPE Plant line a plans to switch to 2480 today, and line B produces 1158

Lanzhou Petrochemical Co., Ltd. changed the production of 200000 tons of new high-voltage equipment to 2426h, the production of 60000 tons of old full density equipment to 60550, the production of 300000 tons of new full density equipment to 7042, and the production of 140000 tons of low-voltage equipment to 5000S

III. observation:

to sum up, it seems that the price of domestic petrochemicals is not bottoming out, and the decline is not stopped today. The overall demand of the peripheral market is still not ideal, and the enthusiasm to enter the market is lacking. Most of them are mainly risk averse and have a low enthusiasm for entering the market. Under the pressure of capital, some traders had no choice but to release some supply at low prices, causing local market turmoil. It is expected that inventory, capital and shrinking demand will still be the biggest negative factors to suppress the market for a considerable period of time in the future. As a result, the domestic petrochemical enterprises were forced by the increasing pressure of withdrawal of funds and inventory at the end of the year, and the implementation of price reduction and dumping strategy may be the recent mainstream trend according to the latest estimate

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