The new lake Futures supply incremental recovery of PP shocks pay.91860.net

The new lake Futures: supply incremental recovery of PP shocks in 2016, the domestic PP production capacity growth rate of 9.09%, higher than the growth rate of productivity PE. However, PP new production capacity is mainly concentrated in the domestic and foreign countries, the global PP capacity growth rate of only 4.17%, lower than the global PE capacity growth rate. But some of the new PP production capacity does not correspond to the new propylene capacity, the actual impact of the new capacity may be discounted. Fourth quarter domestic PP supply will rise, but did not deviate significantly from consumption growth. The PP01 contract reflects the depth of the premium, supply is expected to increase, a large premium, if the absolute price is right, there is the possibility in the downstream of the BOPP factory price. Based on the above 3 points, we believe that PE and PP spot prices tend to shock down. But because of the premium, PP01 or relative resilience, therefore, we choose PP01 as long as 05 PP05, L01 configuration, configuration of the bears. The specific strategies are as follows: 1, do PP1-5 bargain price to expand; 2, rallies to buy PP01 L01 throw 05 spread regression; 3, the absolute price and premium when appropriate, do more stage PP01. First, the domestic PP production capacity growth rate of 9.09%, higher than that of PE, but there is no corresponding part of the new PP production capacity of new propylene production capacity, this part of the actual impact of new capacity may be discounted; growth of the global PP production capacity was lower than that of PE. 1, the domestic PP production capacity growth rate of 9.09%, higher than that of PE, but there is no corresponding part of the new PP production capacity of new propylene production capacity, this part of the actual impact of new capacity may be discounted, powder on the aggregate substitute limit. From a domestic perspective, 2016 has invested and planned production capacity of 1 million 400 thousand tons, PP granular PP powder production capacity of 600 thousand tons, a total of 2 million tons of production capacity, the overall growth rate of 9.09%, PE has invested and planned production capacity of 600 thousand tons of production capacity, the growth rate of 3.98%, Montana coal and PE capacity transit co-founder are full density device the productivity growth rate of 4.56%, HDPE+LLDPE. PP capacity growth rate higher than PE, also higher than HDPE+LLDPE. However, China Petrochemical PDH has not been put into operation, Xing Xing energy, satellite Petrochemical just downstream expansion, no new year for propylene production capacity of new capacity, raw materials Hebei Haiwei PDH operation is not smooth, the figure 2 has been cast and the planned production of 1 million 350 thousand tons of PP production capacity, new capacity is only 660 thousand tons of new production capacity of raw materials, the rest there is no corresponding new PP production capacity 690 thousand tons of production capacity of raw materials. Therefore, the stage may cause the domestic shortage of propylene monomer, and thus lower the outsourcing of propylene PP (PP powder) profits, the stage of production, the production of PP powder. May this year, in August, PP powder due to profit compression, there has been a phased reduction. In other words, although this year’s new PP production capacity is more, but because of the new PP production capacity and new propylene monomer capacity does not match, the actual impact of the new capacity may be discounted PP. In addition, PP powder and granule.相关的主题文章: