Analysis on the price of plastic raw material HDPE

2022-08-17
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Analysis on the price of plastic raw material HDPE on June 15

but first, brief introduction of the market

pe market shock consolidation. Some petrochemical pricing increases have strengthened market support, but crude oil fell and linear futures opened low, resulting in an increase in market wait-and-see mentality and increased pressure on traders to ship. In terms of downstream factories, the recent order situation has not improved significantly, resulting in continued sluggish demand and relatively light market transactions

II. Overview of upstream market

the price of international crude oil futures market fell on Tuesday. The settlement price of WTI light and low sulfur crude oil futures in July on the New York Mercantile Exchange (NYMEX) fell 39 cents, or 0.8%, to $48.49 a barrel. The settlement price of Brent crude oil futures in August on the London Intercontinental Exchange (ice) fell 52 cents, or 1%, to $49.83 a barrel

on Tuesday (June 14), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1039 5 dollars/ton; CFR Southeast Asia prices remained stable at 1044 5 dollars/ton

III. local market prices

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

PE prices in Shantou market fluctuated in a narrow range. Market futures are weak, terminal procurement is cautious, traders' offers fluctuate in a narrow range, and the transaction is a single negotiation

Ningbo PE market price weakness consolidation. Market news was calm, traders' offers fluctuated in a narrow range, and the transaction was negotiated

the PE offer in Lanzhou market was slightly adjusted, some spot prices were tight, and the price was higher. The holders still maintained the shipping mentality, and the transaction focused on negotiation

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was increased, with 8920 (Dushanzi Petrochemical) reported 9000 yuan/ton, 9455f1 (Sichuan Petrochemical) increased by 100 yuan to 9100 yuan/ton, and 6097 (Daqing Petrochemical) increased by 100 yuan to 9300 yuan/ton

the listing price of CNPC South China HDPE is stable, with 6097 (Daqing Petrochemical) at 9300 yuan/ton, 8008 (Dushanzi Petrochemical) at 9150 yuan/ton, and 2911 (Fushun Petrochemical) at 9300 yuan/ton. This is a wind chime ton made of transparent resin materials used in intelligent camera lenses and syringes

the listing price of HDPE in North China of CNPC increased, 7260 (Sichuan Petrochemical) increased by 450 yuan to 8700 yuan/ton, 7750m (Fushun Petrochemical) increased by 100 yuan to 9400 yuan/ton, and 8920 (Dushanzi Petrochemical) reported 900 pendulum air time 0 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 5502bn/Saudi Arabia lowest reported 9650 yuan/ton (down 50), bl3/Iran Petrochemical lowest reported 9100 yuan/ton (down 200), dmda-8008/Dushanzi Petrochemical lowest reported 9250 yuan/ton (down 50), fhc7260/Fushun Petrochemical lowest reported 9000 yuan/ton (up 200)

v. future forecast

downstream demand continues to be weak, which has actually become a national intellectual property right: the basic pattern of impact experiment cryometers has not changed significantly. Affected by this, traders mostly hold a wait-and-see mentality and operate according to the market. At present, there is a lack of substantive positive guidance in the market, and the trading deadlock pattern is still difficult to break. It is expected that the market may be stable in the general market and fluctuating in the small market in the near future

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