20250901-国泰期货-PP_短期震荡_中期趋势仍有压力_2页_540kb

PP Market Summary

• Short-term Outlook: Expected to oscillate with volatility, driven by mixed factors like restricted demand and falling prices.
• Medium-term Trend: Under pressure from increasing supply (due to resumption of production shutdowns and future capacity additions), and weak cost support, despite potential policy uncertainties. Trend strength is -1, indicating moderate bearishness.
• Spot Market: Domestic PP prices saw a small drop (10-30元/吨), supported by lower futures and supplier price cuts, but demand remains cautious with low inventory levels, leading to subdued成交量.
• Key Drivers: Cost factors are uncertain due to policy directions like anti-deflation measures, cautioning against short-term shortselling, while supply pressures rise from ample market inventory.
• Overall Sentiment: Near-term risks favor sellers, with limited upside momentum.