Analysis on the price of plastic raw material HDPE

2022-08-08
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Analysis on the price of plastic raw material HDPE on March 11

I. brief introduction to the market

the PE market is stable and small, with little change. LLDPE futures fluctuated and fell, but some petrochemical prices continued to rise, the market wait-and-see atmosphere was strong, and most merchants continued to ship according to the market. Downstream demand is still insufficient to follow up, and most of them are cautious to wait and see and cover positions

II. Brief introduction to the upstream market

on Thursday, the international crude oil futures price fell, and the settlement price of WTI light and low sulfur crude oil futures in April on the New York Mercantile Exchange (NYMEX) fell 45 cents to $37.84 a barrel, down 1.2%. London Intercontinental Exchange (ice) may Brent crude oil futures settlement price fell $1.02 to $40.05 a barrel, down 2.5%

on Thursday (March 10), the ethylene market price in Asia was stable, and the CFR Northeast Asia price remained stable to close at 1099 5 dollars/ton; CFR Southeast Asia prices remained stable at 1089 5 dollars/ton

III. local market prices

market quotations fluctuated slightly. The demand continues to be flat, and the firm offer is a single deal

PE prices in Xiamen market were sideways adjusted. Petrochemical prices are mixed, market trading enthusiasm is not high, businesses are more cautious to wait and see, mainly with the offer. The enthusiasm of downstream inquiry is general, and it is mainly used and taken at any time

PE prices in Xinjiang were adjusted sideways. The market news in the morning is general. Downstream factories just need to receive goods, and most traders are actively shipping at high prices

the PE market offer in Yuyao was adjusted in a narrow range, the market sentiment was light, and the quotations of some merchants were slightly loose. However, due to general transactions, most of them temporarily stabilized the price and waited. Near the weekend, coupled with the low price of futures, the industry was cautious and the transaction remained negotiated

IV. in terms of the latest quotation

1. Petrochemical quotation

individual listing prices of HDPE in PetroChina South China increased, 6097 (Daqing Petrochemical) reported 9200 yuan/ton, 9455f (Sichuan Petrochemical) reported 9150 yuan/ton, 5502 (because it has been used for a long time? A: the old style is relatively easy for Dushanzi Petrochemical) increased by 100 yuan to 9550 yuan/ton

the listing price of PetroChina Southwest HDPE is stable, with 5502 (Dushanzi Petrochemical) at 9500 yuan/ton, 2911 (Fushun Petrochemical) at 9400 yuan/ton, and 8008 compared with ABS (Sichuan Petrochemical) at 9200 yuan/ton

the pricing of HDPE in PetroChina East China was raised, 8008 (Dushanzi Petrochemical) was reported to be 9300 yuan/ton, 7260 (Fushun Petrochemical) was increased by 100 yuan to 9000 yuan/ton, and 6097 (Daqing Petrochemical) was increased by 100 yuan to 9200 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of sinoplastics was mixed, with a range of yuan/ton, of which 52518/Iranian Petrochemical was at the lowest price of 8500 yuan/ton (down 50), dmda-8008/Dushanzi Petrochemical was at the lowest price of 9600 yuan/ton (up 50), hd5502fa/Shanghai Secco was at the lowest price of 9200 yuan/ton (down 100), fhc7260/Fushun Petrochemical was at the lowest price of 9350 yuan/ton (down 50)

v. future forecast

the market has entered a phased consolidation situation. Due to the limited digestion capacity of downstream factories, their enthusiasm for entering the market is not good, and the ideal performance of terminal demand is difficult. Although petrochemical enterprises have raised prices, businesses still have doubts about their follow-up policies. Therefore, the enthusiasm for operation needs to be improved. On the whole, although there are no obvious factors promoting the decline in the current market, it is difficult to significantly improve the situation of trading stalemate, and the market is in a good state, lacking power support. It is expected that the market may be in a stable and adjusted market situation in the near future

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