LLDPE's Dragon Boat Festival holiday is approachin

2022-06-10
  • Detail

[LLDPE] the small and Long Dragon Boat Festival holiday is approaching, and the market remains volatile

I. brief description of the market

the overall situation of the PE market is stabilizing. The Dragon Boat Festival holiday is approaching, the market trading atmosphere is poor, coupled with the lack of information guidance, most traders are not interested in war, the market wait-and-see atmosphere is strong, and the market continues to be deadlocked. Mainstream price: LDPE: yuan/ton, LLDPE: yuan/ton, HDPE: wire drawing material: yuan/ton, plastic injection: yuan/ton, while rock wool and EPS board cannot be directly used for roof and ground insulation under pressure, film material: yuan/ton, hollow material: yuan/ton

II. Brief introduction to the upstream market

crude oil futures fell to the lowest level in eight months on Wednesday. The July light and low sulfur crude oil futures contract on the New York Mercantile Exchange fell $2.23 to $81.80 a barrel, down 2.7%, the lowest closing level of the contract in recent months since October 5 last year. The settlement price of ice Brent crude oil futures contract fell $3.07 to $92.69 a barrel, down 3.2%, the lowest closing level since December 17, 2010

on Wednesday, ethylene in Asia rose $5, CFR Northeast Asia to $per ton and CFR Southeast Asia to $per ton

III. local market conditions

today's PE market quotation is stable. The market mentality is relatively pessimistic. Merchants ship according to the market, the transaction is general, and the downstream demand has not improved

Hangzhou linear quotation increased by 50 yuan/ton, the high-pressure quotation was stable, and the transaction of normal force business transmitted to the sample was poor. Yangzi wire drawing is quoted at 11400 yuan/ton, CNPC wire drawing at 10850 yuan/ton, 2911 at 10400 yuan/ton and 8008 at 10400 yuan/ton

the price of PE linear in Linyi rose slightly by yuan/ton, mainly on the sidelines near the festival market. Although the futures opened low and went low, there were few spot resources and the mentality of goods holders was stable. Daqing 5000S was tax-free 10550 yuan/ton, tax included yuan/ton, and 8920 was reported as 11000 yuan/ton

influenced by PetroChina's increase in low-pressure quotation, the quotation of low-pressure injection molding, hollow and wire drawing in Shanghai has risen by yuan/ton. The other quotations are stable, the market supply is small, but the demand is weak, and the transaction is still depressed. 5301 reported 10800 yuan/ton, Zhenhai 7042 reported 9750 yuan/ton

IV. latest quotation

1 Petrochemical quotation

PetroChina South China LLDPE pricing fell: 7042 (Jihua) fell 100 yuan/ton to 9800 yuan/ton, 7042 (Lanhua) fell 100 yuan/ton to 9800 yuan/ton, 7042 (Dushanzi) fell 100 yuan/ton to 9800 yuan/ton, and there were no missing or damaged components of 9800 yuan/ton

Fujian United LLDPE pricing Rose: film material 7042 rose 50 yuan/ton to 9700 yuan/ton, and 7050 rose 50 yuan/ton to 9750 yuan/ton

Maoming Petrochemical LLDPE prices rose individually: 7042 film reported 9800 yuan/ton, 7042 powder reported 9600 yuan/ton, and 7144 rose 150 yuan/ton to 10000 yuan/ton

2. The quotation of the mall

as of 15:00, the individual brands of China Plastics spot LLDPE have increased by 100 yuan/ton, and the lowest price of ll0220kj/Shanghai Secco is 9900 yuan/ton

v. future forecast

the optimistic external environment is difficult to see. According to the data released by HSBC on the 21st, the initial value of China's Manufacturing Purchasing Managers' index (PMI) in June was 48.1, the lowest in seven months. The initial value of the manufacturing output index was 49.1, the lowest in three months. Manufacturing activity continued to slow in June, although the slowdown tended to moderate. Due to weak external demand, export growth may continue to fall. The market trading atmosphere continued to be weak. Most merchants have a stable mentality and actively ship goods according to the market. The boost of terminal demand is weak, which is still based on wait-and-see, the procurement enthusiasm is low, and the solid offer transaction is cold. It is expected that the short-term market of polyethylene market will remain volatile

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