【Shanghai Securities News】Shanghai News information monitoring, recently polypropylene (PP) futures prices continued to rise, the main contract in September in June has risen by more than 20%. Spot price market mainstream quotation range in 7350-7750 range, of which Lanzhou petrochemical pp factory price of 7,500 yuan/ton, up more than 10% from the beginning of the month, other areas also have nearly 5%-10% increase. Some petrochemicals still have upward measures, the bullish sentiment on the floor has become stronger, traders continue to hesitate to sell high prices.
Comments: At present, PP market inventory is at a low level, and there is a tight supply situation. In addition, some manufacturers have stopped production for maintenance, and the current operating rate is not high. The capacity of scheduled parking and maintenance in July was 1.77 million tons, accounting for 9.6% of China's total capacity. As the time of the G20 meeting approaches, the operating rate is expected to be further compressed. The recent sharp decline in the RMB exchange rate will further reduce the import volume of PP. In summary, the tight state of the supply side of the PP market is difficult to change in the short term, and the demand has not been significantly reduced, and the price of PP is expected to continue to strengthen. Related industries are expected to strengthen, you can pay attention to Maohua Shihua (000637), Guofeng Plastic industry (000859), East material technology (601208) and other stocks.
Maohua Shihua (000637) : The company is a petrochemical enterprise. Polypropylene, polypropylene quotes, polypropylene manufacturers. The company's main business scope is the production and sales of polypropylene, liquefied gas, hydrocarbon propellant, new liquefied gas, lubricating oil, petroleum products, plastic products and other petrochemical, fine chemical, plastic processing, etc.
Guofeng Plastic Industry (000859) : The company mainly produces and operates biaxial stretched polypropylene film and biaxial stretched polyester film and other packaging film materials and electronic information film materials, wood plastic new materials, engineering plastics and sapphire wafer, among which the main packaging film materials and electronic information film materials account for 80% of the company's business.
Dongcai Technology (601208) : The company is a manufacturer of polypropylene film for capacitors. The company's main products include electrical polyester film, electrical polypropylene film, electrical mica tape, electrical soft composite insulation materials, electrical layer (mold) extrusion products, insulating paint and resin, halogen-free flame retardant sheet, electrical non-woven fabrics and electrical plastics.
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