The hottest LLDPE futures market opened high and f

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[LLDPE] the futures market opened higher and fluctuated, and the LLDPE market did not respond very well.

I. Market Overview

today, the LLDPE futures market opened slightly higher, and then fell back and fluctuated and stabilized, which had little impact on the spot market. The spot LLDPE market was dominated by narrow consolidation. At present, petrochemicals also takes a more cautious attitude towards the market. The cylinder diameter is the same, and the factory price remains stable at the beginning of the week. The development of commercial renewable plastic containers is of great significance to the European recycling industry, and many companies continue to refer to shipping. The trading atmosphere in the market has not changed much. Most merchants ship goods according to the market, and the resistance to firm offer transactions has increased slightly

II. Overview of the upstream market

crude oil futures on the New York Mercantile Exchange (NYMEX) closed lower for the third consecutive trading day on the 16th. The settlement price of nymex1 light and low sulfur crude oil futures contract fell 34 cents to $93.53 a barrel, down 0.4%. The continued downward trend of crude oil and the downturn in fundamental demand make it difficult to boost the market

on Friday, benefiting from tight supply, Asian ethylene both closed up $10. CFR Northeast Asia/Southeast Asia closed at 1148 5 dollars/ton and 1089 5 dollars/ton. Ethylene prices rose slightly, but traders in the market were more cautious. The downstream products were dim, and the base was applied with high-strength engineering plastics combined with stone grain design. The short-term supply may be affected to a certain extent

III. local market conditions

today's LLDPE quotation has not changed much. Merchants follow the market, the terminal demand is low, the inquiry is poor, and the shipment resistance is large

the PE market quotation of Tianjin port is slightly loose. Crude oil continued to fluctuate at a low level and futures fell at the opening, with trading confidence unchanged. Most businesses follow the market, have weak enthusiasm for trading, and end customers wait and see more, and negotiate more transactions

the PE market quotation in Linyi market was slightly sorted out, with little fluctuation. The opening of futures fluctuated in a narrow range, and the mentality of merchants was temporarily stable, mainly shipping according to the market. Downstream demand continues to be sluggish, with a strong wait-and-see atmosphere, poor procurement enthusiasm, and few transactions

the PE quotation in Dongguan market slightly weakened, the futures slightly opened higher and then went lower, the merchants' mentality was general, mainly shipping according to the market, there were few terminal inquiries, most of them were on the sidelines at the beginning of the week, and the trading was weak

IV. the latest quotation

1 Petrochemicals quotation

the ex factory price of PetroChina northeast LLDPE was reduced, and the sales were average. Daqing Petrochemical 7042 is priced at 9100 yuan/ton, and Daqing Petrochemical 7042 powder is listed at 8900 yuan/ton

the ex factory price of PetroChina Southwest LLDPE is stable and the inventory is general. Dushanzi Petrochemical 7042 was quoted at 9300 yuan/ton, and Lanzhou Petrochemical 7042n was quoted at 9300 yuan/ton

Sinopec sells East China LLDPE with stable ex factory price and general inventory. Yangzi Petrochemical 7042 is priced at 9150 yuan/ton, and Zhenhai ethylene 7042 is priced at 9100 yuan/ton

2. Mall quotation

as of 15:00, some brands of China Plastics' spot LLDPE fell by yuan/ton. Among them, 3224/Taiwan plastic was lowest reported at 9100 yuan/ton, dfda-7042/Jilin Petrochemical was lowest reported at 9000 yuan/ton (down 200), dfda-7042/Zhenhai Refining and chemical was lowest reported at 9400 yuan/ton (down 600), and dfda-7042/Dushanzi Petrochemical was lowest reported at 9000 yuan/ton (down 100)

v. future forecast

the macro shadow remains, the yields of Italian and other government bonds remain high, the market is still skeptical about the comprehensive solution of the European debt crisis, and market confidence is difficult to boost in the short term. In terms of fundamentals, the demand is still sluggish, and the factory operating rate is gradually declining near the Spring Festival. It is expected that the PE market is difficult to be optimistic in the near future, and the weak operation trend is expected to continue

note: Li Liangbin, chairman of Jiangxi Ganfeng Lithium Industry Co., Ltd.: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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