The hottest LLDPE transaction is generally weak an

2022-10-22
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[LLDPE] generally, the transaction market is weak and difficult to change

I. brief introduction of the market

the rising oil price has played an obvious supporting role in the market mentality. Merchants still adopt the cautious quotation strategy. The downstream factories are cautious at present, and the solid purchase is relatively passive, so it is difficult to form a large-scale transaction. Mainstream price LDPE: yuan/ton, LLDPE: yuan/ton

II. Brief introduction to the upstream market

crude oil futures closed higher on Wednesday (6th) due to market speculation that monetary policy makers in various countries will take actions to stimulate economic growth and improve fuel demand. Crude oil in New York rose $0.73, or 0.9%, to $85.02 a barrel in July. Ice Brent crude oil futures contract for July ended up $1.80, or 1.82%, at $100.64 a barrel

on Wednesday, Asian ethylene closed steady, with CFR Northeast Asia at $51/ton and CFR Southeast Asia at $51/ton

III. local market conditions

today's PE market quotation fell. The market mentality is pessimistic, and the merchants ship goods according to the market, and the transaction is general

Changzhou linear quotation fell, and the transaction was depressed. Dushanzi 5502 reports 10300 yuan/ton, Zhongsha 5502 reports 10400 yuan/ton, 5300b reports 10300 yuan/ton, Dushanzi 8008 reports 10600 yuan/ton, 2911 reports 11250 yuan/ton, PetroChina 7042 reports 9750 yuan/ton, and Lanhua 2426h reports 10300 yuan/ton

the PE quotation in Hangzhou fell, the high pressure continued to decline, and the transaction was poor. CNPC 9650 yuan/ton, Zhenhai 7042 9700 yuan/ton, 18D 10400 yuan/ton, Zhongsha 5502 10300 yuan/ton, Dushanzi 8008 10600 yuan/ton, 8920 10800 yuan/ton

the quotation of PE in Linyi was slightly sorted out, the opening price of futures was higher, the market mentality was slightly stable, the terminal demand was still unable to follow up, and there were many negotiations. The rise of the operating temperature of Zhenhai 7042 tax-free might also cause safety problems of 9200 yuan/ton, Iran 0209aa tax-free 9300 yuan/ton, and Daqing 5000S tax-free 11300 yuan/ton, tax-free 10700 yuan/ton

IV. the latest quotation

1 Petrochemicals quotation

the listing price of PetroChina northeast LLDPE fell individually: 7047 tablets (Daqing) were quoted at 9900 yuan/ton, 7042 tablets (Daqing/Jihua) were quoted at 10000 yuan/ton, and 7042 powders were quoted at 9900 yuan/ton, experts said

the price of PetroChina East China LLDPE is stable: 7042 (Dushanzi) at 10100 yuan/ton, 7042n (Lanhua) at 10100 yuan/ton, 7042 (Daqing/Lanhua) at 10100 yuan/ton, 7042 (Jihua) at 10100 yuan/ton

Sinopec Huazhong LLDPE pricing is stable: Maoming 7042 is reported at 9750 yuan/ton, Fulian 7042 is reported at 9750 yuan/ton, and Zhongyuan 7050 is reported at 9750 yuan/ton

2. Everyone in the mall must carefully read the quotation in the operation manual

as of 15:00, some brands of LLDPE in China Plastics' spot have increased by yuan/ton, of which 218w/sabic Saudi Arabia has a minimum of 10300 yuan/ton (up 150), 7042n/Lanzhou Petrochemical has a minimum of 10600 yuan/ton, dfda-7042/Jilin Petrochemical has a minimum of 10600 yuan/ton (up 600), ll0220kj/Shanghai Secco has a minimum of 9900 yuan/ton (up 100)

v. future forecast

the huge uncertainty of the peripheral economy represented by the spread of the European debt crisis and the slowdown of the U.S. economic recovery continues to impact the domestic economy. In addition, the limited pre adjustment and fine adjustment have not changed the weakness of domestic demand, and the macro data are mixed. Domestic demand for enlargers under pressure from supply expectations continued to be weak, showing a weak adjustment market in the overall range, and the bullish mentality of buyers and sellers for short-term spot goods was also significantly weakened. It is expected that the short-term market will remain weak

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