Analysis on the price of plastic raw material HDPE

2022-08-15
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On August 25, the price analysis of plastic raw material HDPE

I. brief introduction of the market

the market trend is weak, and the market is partially lower. Crude oil fell sharply, monomer fell, suppressing the market mentality. The price reduction of some petrochemical enterprises made some market merchants bearish on the future market. Not only did the actual transaction shrink, but also the inquiry was significantly reduced. The downstream factories continued to stay on the sidelines, and the market atmosphere was relatively depressed

II. Overview of upstream market

crude oil futures fell to a six-year low on Monday. The settlement price of American WTI crude oil futures for October delivery on the New York Mercantile Exchange (NYMEX) fell $2.21 to $38.24/barrel, down 5.5%. London Intercontinental Exchange (ice) October Brent crude oil futures settlement price fell $2.77 to $42.69/barrel, down 6.1%

on Monday (August 24, which is still an art day), the quotation of ethylene market in Asia fell, and the price of CFR Northeast Asia fell by $6 to close at 903 5 dollars/ton; CFR Southeast Asia prices fell $6 to close at 879 5 dollars/ton

III. local market prices

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

PE prices in Chengdu market continue to decline. Crude oil fell below $40/barrel to suppress the market mentality, merchants' trading intention was low, and their bearish mentality was confused

PE in Xi'an market fell, and the market trading was average. The terminal inquiry is weak, the market offer enthusiasm is insufficient, and the quotation is less. The terminal demand is flat, the merchants mainly ship goods according to the market, and the transaction is flat

the price of PE in Dongguan market is stable and weak. Petrochemical enterprises lowered the ex factory price and listed, and the merchants were not confident in the future market, so they mainly followed the offer. The terminal inquiry is general, and just need to purchase

IV. in terms of the latest quotation

1. Petrochemical quotation

the pricing of HDPE in East China of CNPC was reduced. 5000S (Lanzhou) fell 100 yuan to 10050 yuan/ton, 8920 (Dushanzi) to 10300 yuan/ton, 6097 (Daqing) fell 200 yuan to 9700 yuan/ton

the pricing of HDPE in PetroChina Southwest was lowered, 7260 (Sichuan) fell by 100 yuan to 9500 yuan/ton, 2911 (reaching 1% accuracy is enough for Fushun) fell by 100 yuan to 10000 yuan/ton, and 8920 (Dushanzi) fell by 100 yuan to 10100 yuan/ton

the pricing of HDPE in South China of CNPC was lowered, with 6097 (Daqing) falling by 100 yuan to 9800 yuan/ton, 2911 (Fushun) to 10600 yuan/ton, and 8008 (Dushanzi) to 10000 yuan/ton

2 is also due to the recovery of the high price and the quotation of the mall

as of 15:00, the quotation of some brands of HDPE in the spot of China plastics was mixed, with a range of yuan/ton, of which dmda-8008/Baofeng energy was at least 9850 yuan/ton (up 350), and fhc7260/Fushun Petrochemical was at least 10100 yuan/ton (down 100)

v. future forecast

the market has a strong wait-and-see mentality, the trading atmosphere is slightly light, and the pressure on traders to ship has increased. There are many negative factors in the recent news, which has led to the growth of market bearish mentality, and traders mostly take the means of small profit concessions to promote transactions. Downstream factories are not willing to stock goods, and they mainly purchase on demand. It is expected that the polyethylene market may be in a volatile downward trend in the near future

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