The hottest LLDPE merchants operate cautiously, ma

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[LLDPE] merchants are cautious in operation, mainly in the aftermarket or with small fluctuations.

I. Market Overview

PE market is in a high stalemate, all parties are calm, transactions are weak, and merchants' operating mentality generally tends to be cautious. The latest price policy of petrochemicals in the later stage and the follow-up of downstream demand will play a guiding role in the overall atmosphere of the market. At present, the mainstream price of LDPE: yuan/ton, LLDPE: phenolic foam has become a "new candidate for thermal insulation materials" with a large test force of 50kN, 0900 yuan/ton

II. Brief introduction to the upstream market

crude oil on the New York Mercantile Exchange fell on Thursday. The U.S. October crude oil futures closed down by $0.87, with the settlement price at $94.62 per barrel. The October Brent crude oil futures rose slightly by $0.11, with the settlement price at $112.65 per barrel

on Thursday (August 30), ethylene in Asia rose slightly by US $1, CFR Northeast Asia US $per ton, CFR Southeast Asia US $per ton

III. local market conditions

today's LLDPE market quotation is stable and small. Merchants have a stable mentality, operate cautiously and control inventory. Downstream user demand continued to weaken

the quotation in Shanghai PE market rose slightly, the inquiry atmosphere was acceptable, and the transaction was general. Daqing/Lanhua 2426h reported 10650 yuan/ton, Daqing 2426k reported 10550 yuan/ton, Lanhua 2420h reported 10550 yuan/ton, 9455f reported 10800 yuan/ton, and Lanhua/Dushanzi 7042 reported 10500 yuan/ton

the quotation of PE in Qingdao is mainly stable, the transaction situation of the firm offer is light, the demand is weak and does not change, and the market confidence is insufficient. 2004tc37 is quoted at 10100 yuan/ton, futures is quoted at 5110 at 1 "0600/6 for delivery, Thailand 5000S is quoted at 11200 yuan/ton, 118w/218n is quoted at 10450 yuan/ton

the PE market in Wuhan is mainly stable, the market response is flat, there are few inquiries, and the transaction is general. 9088 yuan/ton, 9455f yuan/ton, 5000S 11500 yuan/ton, 8920 yuan/ton, 5502 11100 yuan/ton

IV. in terms of the latest quotation

1. Petrochemical quotation

Maoming Petrochemical LLDPE pricing rise: 7042 film rises by 50 yuan/ton to 105005, the preset number of experiments automatically stops by yuan/ton, 7042 powder rises by 50 yuan/ton to 10200 yuan/ton, 7144 rises by 100 yuan/ton to 11000 yuan/ton

Guangzhou Petrochemical LLDPE pricing Rose: membrane material 7042 rose 50 yuan/ton to 10550 yuan/ton, and membrane material 2001 rose 50 yuan/ton to 10600 yuan/ton

Fujian United LLDPE pricing Rose: membrane material 7042 increased by 50 yuan/ton to 10450 yuan/ton, and 7050 increased by 50 yuan/ton to 10500 yuan/ton

2. Mall quotation

as of 15:00, some brands of China Plastics' spot LLDPE rose by 50 yuan/ton, of which 218w/sabic Saudi Arabia lowest reported 10700 yuan/ton, 3224/Taiwan Plastic lowest reported 10600 yuan/ton, 7420d/Thailand PTT lowest reported 10550 yuan/ton (up 50), dfda-7042/Zhenhai Refining and chemical lowest reported 10600 yuan/ton (up 50), ll0220kj/Shanghai Secco lowest reported 10700 yuan/ton

v. future forecast

on the macro level, European economic boom data and consumer confidence are poor, coupled with the Federal Reserve meeting in the evening. The rising market is also quite volatile. However, the current demand has rebounded significantly, and the plastic production capacity has increased significantly, aggravating the shortage of ethylene in the upstream. The current extreme downturn in industrial inventories and demand expectations have led to a recent surge. The short-term volatility is more trading, the overall market is still relatively stable, and individual brands are slightly adjusted. It is expected that the polyethylene market will be slightly volatile in the near future

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