The PP production capacity of 100,000 tons/year at Daqing Petrochemical is operating normally, and the reference price for T30S wire drawing has been raised again, increasing by 300 RMB to 7,750 RMB/ton. The spot price of merchants follows the market trend, and trading is still acceptable.

The ex factory price has been raised by 300 RMB to 7,750 RMB/ton, indicating an increase in supply side costs or increased demand, directly pushing up spot prices. The device load is normal and the supply is stable, but the signal of price increase strengthens the bullish sentiment in the market. The spot prices of merchants follow the market trend and trading is still acceptable, reflecting good demand support and benefiting the bullish PP spot market.

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