Analysis on the price of plastic raw material HDPE

2022-08-08
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On February 3, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market has a strong holiday atmosphere, and the market is stable and small. With the shutdown of downstream enterprises, the actual procurement volume is shrinking, but the price has basically not changed due to the lack of resources. At present, most traders focus on the post holiday market in addition to waiting

II. Brief introduction to the upstream market

crude oil futures prices fell on Tuesday. The price of light and low sulfur crude oil futures contract delivered in March on the New York Mercantile Exchange fell by $1.74, or 5.5% to $29.88 a barrel. In London, the consequences of single piece and group experiments can be calculated, analyzed and disposed, and various reporting situations were slightly exported. The price of Brent crude oil futures contract delivered in April on the ice global benchmark fell by $1.52, or 4.4%, To US $32.72 per barrel

on Tuesday (February 2), the market price of ethylene in Asia fell, and the price of CFR Northeast Asia fell by $35 to close at 889 5 dollars/ton; CFR Southeast Asia prices fell $45 to close at 889 5 dollars/ton

III. local market conditions

market quotation consolidation. The demand continues to be flat, and the firm offer is a single deal

PE prices in Xinjiang fluctuated in a narrow range. In the morning, the market news was calm, traders and downstream factories were mostly closed for holidays, and there were few active quotations on the floor

the popularity of PE market in Xiong county is insufficient. Most traders and downstream factories are closed for holidays, and some of them have sporadic offers, but the transaction expectation is low. Most of them indicate that the price change before the holiday is not large. We can judge the situation after the holiday by looking at the information during the holiday

PE price consolidation in Chongqing market. Linear futures opened high and fluctuated, the market trading atmosphere was flat, and traders offered according to the market, with less offers. Many downstream manufacturers stopped work, and the level of taking goods was limited, so the deal was negotiated

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of CNPC North China HDPE is stable. 8 the following are the key technical elements based on the technical data of polyurethane bare board insulation foam: 920 yuan/ton for 920 yuan/ton for 9200 yuan/ton for 920 yuan/ton for 920s (Daqing Petrochemical) and 8400 yuan/ton for 2911 (Fushun Petrochemical)

the listing price of PetroChina Southwest HDPE is stable, with 5000S (Lanzhou Petrochemical) at 9250 yuan/ton, 5420 (Dushanzi Petrochemical) at 9100 yuan/ton, and 2911 (Fushun Petrochemical) at 8750 yuan/ton

PetroChina South China HDPE pricing is stable, with 5502 (Dushanzi Petrochemical) at 8800 yuan/ton, 2911 (Fushun Petrochemical) at 8600 yuan/ton, and 6097 (Daqing Petrochemical) at 8900 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot increased by yuan/ton, of which 5502/Dalin, South Korea, was the lowest at 10250 yuan/ton (up 50), 9001/Taiwan plastics was the lowest at 9800 yuan/ton (up 50), and bl3/Iran Petrochemical was the lowest at 8800 yuan/ton (up 100)

wait-and-see mood fifth, aftermarket forecast

the Spring Festival holiday is approaching, the market trading atmosphere is light, most merchants are ready to leave the market or have a holiday, and there are not many trade exchanges. At present, it is in the closing stage before the festival. It is expected that the market will gradually enter the holiday state in the near future

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