The hottest LLDPE futures fluctuated in a narrow r

2022-09-22
  • Detail

[LLDPE] futures fluctuated in a narrow range, and the spot price was stable and small

I. Market Overview

the spot market of LLDPE was stable and slightly down. The opening of futures fluctuated in a narrow range, the mentality of merchants was slightly depressed, and the market trading atmosphere was poor. The operation of downstream factories is still not optimistic, mainly small orders, and the firm offer is not good

II. Brief introduction to the upstream market

April 6 (Friday) is good Friday, and the U.S. stock market and international crude oil futures market will be closed for one day. At the close of Thursday, light crude oil futures for May delivery on the New York Mercantile Exchange rose $1.84, or 1.81%, to $103.31 a barrel

on Thursday, the trend of Asian ethylene market was flat, and CFR Northeast Asia/Southeast Asia continued to close flat at 1360 5 dollars/ton industry is the carrier to solve employment and 1400 5 dollars/ton. There has been no substantial change in the market supply-demand relationship, and the trading atmosphere remains to be warmed up

III. local market conditions

today's LLDPE market quotation is stable and small, with little change. The intention of receiving goods at the terminal is general, the pressure of delivery and trading is not reduced, and the transaction negotiation is the main thing

PE quotation in Shunde market was sorted out in a narrow range. After the opening of linear futures, the traders' mentality was temporarily stable. Most merchants actively ship goods according to the market, and the terminal demand is acceptable. At present, the market transaction is generally convenient

PE in Shantou market reported high surface hardness and good chemical resistance to stabilize the market. Crude oil rose over the weekend but futures opened weaker, and PetroChina South China raised its linear price to support trading. Considering the intention of terminal inquiry, most merchants ship at a stable price, with cautious trading and negotiation

PE quotation in Lanzhou market is stable and small. Both the buyer and the seller follow the market and operate cautiously. Downstream factories have general intention to take goods, mainly purchase on demand and negotiate with each other

IV. in terms of the latest quotation

1. Petrochemical quotation

PetroChina northwest LLDPE factory price is stable, the listing price is sold, and the inventory is general. Lanzhou Petrochemical 7042n is listed at 10800 yuan/ton, and Lanzhou Petrochemical 7042 is listed at 10800 yuan/ton

the factory price of LLDPE of Sinopec East China branch is stable, the price is sold, and the sales situation is general. Yangzi Petrochemical 7042 is priced at 10650 yuan/ton, and Zhenhai ethylene 7042 is priced at 10600 yuan/ton

the ex factory price of PetroChina South China LLDPE has been increased by 50 yuan/ton. It is priced for sale, and the sale is average. Jilin Petrochemical 7042 is priced at 10700 yuan/ton, and Lanzhou Petrochemical 7042 is priced at 10700 yuan/ton

2. The quotation of the mall

as of 15:00, the individual brands of China plastic spot LLDPE have increased by 50 yuan/ton, and the lowest price of dfda-7042/Zhenhai Refining and Chemical Co., Ltd. is 10550 yuan/ton

v. future forecast

European debt concerns have been suspended, the U.S. economy has recovered steadily, fundamental contradictions have once again become the focus of market attention, and the peak season of market consumption is not prosperous. Polyethylene is still on the edge of loss, and the cost support of oil price still exists. Downstream factories are generally restricted by orders, and the demand drag on the market is obvious. It is expected that the short-term PE market will maintain a narrow consolidation trend, and the transaction resistance will be prominent. The petrochemical price strategy deserves close attention from businesses

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