The hottest LLDPE market is stabilizing, and the t

2022-10-19
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[LLDPE] the market tends to stabilize, and the transaction cannot be in large volume.

I. brief description of the market

crude oil continues to rise, the linear futures market continues to open higher and fluctuate, and the petrochemical price is firm, with a slight intention to increase the price. Supported by multiple positive factors, the hype atmosphere on the floor is not reduced, and the offer of merchants is higher. In addition, the on-site inquiry atmosphere is warmer than that in the early stage. At present, the supply of 2426h goods in the markets around Yanshan is still difficult to find, and the offer of Yangzi 7042 in Linyi market is significantly higher

II. Brief introduction to the upstream market

the United States announced that crude oil inventories would be reduced again. Coupled with the political instability in the Middle East, it also put pressure on crude oil supply, and crude oil futures prices rose significantly. The price of September futures oil in New York rose $1.47, or 1.6%, to $93.67, and fell 0.34% in electronic trading from a two-month high. Brent September futures prices rose $2.45, or 2.2 percent, to $112, the highest since May

on Tuesday (August 7), in the Asian ethylene Northeast Asia market, CFR Northeast Asia closed up by $5/ton to $1/ton, while the Southeast Asia market performance was calm, and CFR Southeast Asia continued to close flat at $2. According to the base material, it can be divided into BOPP tape, cloth tape, so that the experiment can measure the relevant objects by itself, kraft paper tape, masking paper tape, fiber tape, PVC tape, PE foam tape, etc./ton. Recently, China's coastal areas have been pushed up by sellers' reluctance to sell at low prices, and the market trading atmosphere is slightly better than that in the early stage

III. local market conditions

LLDPE market quotation rose today. Merchants ship goods according to the market, the transaction atmosphere is general, and the downstream demand has not improved

the quotation of PE market in Xiamen has been raised. Affected by the price adjustment of Sinopec and PetroChina, the price of PE market in Xiamen has generally increased by yuan/ton according to the statistical data. Reference quotation: lldpe: the price of Fulian 7042 is 10150 yuan/ton. Hdpe: Formosa Plastics 8010 reported 11100 yuan/ton, Ningbo 8007 reported 10300 yuan/ton, Shantou 8007 reported 10350 yuan, Fulian 8920 reported 10550 yuan/ton

Shantou PE market offer increased. Affected by the price adjustment of PetroChina and Sinopec, the market quotation was increased by yuan/ton. Demand all improve, traders actively take goods. Market offer LLDPE: Dushanzi 7042 is quoted at about 9650 yuan/ton, and Secco 0220kj is quoted at about 9650 yuan/ton

Xi'an PE market has obvious linear high price, low-pressure hollow, injection molding shortage, and some merchants are reluctant to sell. Quotation reference: PetroChina linear's individual quotation is 10500 yuan/ton, 2426h is about yuan/ton, and 5000S has a quotation of 11600 yuan/ton. (the above quotation includes tax)

IV. the latest quotation

1 Sinopec quotation

Sinopec Huazhong branch raised its pricing by 200 in August, of which Zhenhai Petrochemical 7042 was set at 9950 yuan/ton

the listing price of PetroChina Southwest LLDPE has been raised by yuan. Chemical resistance - higher chemical resistance makes plastic parts more resistant to corrosion, rain, detergent and other materials/ton than metal, of which 7042 is 10350 yuan/ton. It is reported that downstream terminals are not actively purchased and shipments are general

PetroChina East China LLDPE raised its ex warehouse price by 100 yuan/ton and continued to sell at fixed prices, of which 7042 was at 10200 yuan/ton

2. Mall quotation

as of 15:00, some brands of China plastic's spot LLDPE have increased by yuan/ton, among which dfda-7042/Yangzi Petrochemical lowest reported 11000 yuan/ton (up 410), dfda-7042/Zhenhai Refining and chemical lowest reported 10350 yuan/ton (up 150), ylf-1802/Yangzi Petrochemical lowest reported 10700 yuan/ton

v. future forecast

the recent market focus is on the strength of the European Central Bank and the economic situation of the Federal Reserve. The Federal Reserve's short-term launch of qe3 is expected to fail, but the improvement of its employment market has boosted the market, and the market is full of optimism in the near future. There is still a certain stimulus to market sentiment, and some petrochemical prices are likely to rise, which just caters to the price increase psychology of merchants. However, at present, weak demand continues to suppress PE prices, and it is expected that the PE market will fluctuate in a narrow range tomorrow

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