Hottest price of plastic raw material HDPE on marc

2022-08-07
  • Detail

On march16,2016, the price analysis of plastic raw material HDPE

I. brief introduction to the market

pe market declined in a narrow range. Linear futures opened high, fluctuated upward, and boosted the trading atmosphere in the market. However, petrochemical prices rose and fell, and the enthusiasm of downstream receiving goods was weak. It was difficult to keep the market price, and the trading enthusiasm was not high. Most merchants offered along with them, and some of them made profits

II. Brief introduction to the upstream market

crude oil futures fell on Tuesday. The settlement price of light and low sulfur crude oil futures delivered in April on the New York Mercantile Exchange fell 84 cents, or 2.3%, to US $36.34/barrel. Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, fell 79 cents, or 2%, to $38.74 a barrel

on Tuesday (March 15), the market price of ethylene in Asia rose to high-performance and multi-faceted, and the price of CFR Northeast Asia rose by $20 to close at 1179 USD 5/ton; CFR Southeast Asia rose $20 to close at 1149 5 dollars/ton

III. local market quotation fluctuates slightly. The demand continues to be flat, and the firm offer transaction is a single negotiation

the price of P4 LCD interface E in Wuhan is partly loose. The market news is repeated, and some continue to sell goods at a profit; At the same time, the relative strength of futures has given some support to the market, and some of them are reluctant to sell at low prices

the PE market price in Nanjing continued to decline. Suppressed by the news of petrochemical price reduction, the early offer declined slightly. However, due to the relatively strong performance of futures, the range of purchase price reduction is limited, and the space for transaction negotiation is narrowed

PE prices in Qingdao market were mixed. In the morning, petrochemicals dropped steadily and secretly. In addition, due to the conflict of terminal high prices, some imported materials offered profits to promote trading. However, the futures performance was strong, and traders' willingness to reduce prices basically did not play a role. It was mainly a narrow range consolidation

IV. in terms of the latest quotation

1. PetroChina's quotation

the listing price of HDPE in South China was adjusted. 7750m (Fushun Petrochemical) fell by 50 yuan to 9100 yuan/ton, gc100s (Jilin Petrochemical) rose by 100 yuan to 9800 yuan/ton, and 6097 (Daqing Petrochemical) was 9200 yuan/ton

the listing price of PetroChina Southwest HDPE is stable, with 5502 (Dushanzi Petrochemical) at 9500 yuan/ton, 2911 (Fushun Petrochemical) at 9400 yuan/ton, and 8008 (Sichuan Petrochemical) at 9200 yuan/ton

the pricing of HDPE in CNPC northeast increased. Gc100s (Jilin Petrochemical) increased by 100 yuan to 9600 yuan/ton, 7260 (Fushun Petrochemical) increased by 100 yuan to 9000 yuan/ton, and 5000S (Daqing Petrochemical) increased by 100 yuan to 9400 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot fell by yuan/ton, of which 52518/Iranian Petrochemical lowest reported 8450 yuan/ton (down 50), 9001/Taiwan plastics lowest reported 9550 yuan/ton (down 150), and hd5301aa/Shanghai Secco lowest reported 9200 yuan/ton (down 100)

v. future forecast

Petrochemical inventory pressure is not great, which forms cost support for the market. However, due to the continued weakness of downstream demand, the enthusiasm for receiving goods is not high, and the firm offer transaction is not good. Today, the quotation of petrochemical enterprises is partially loose, and the merchants' shipment is blocked. They have no choice but to start to sell goods at a profit, resulting in a moderate correction in the market. It is expected that the short-term market will continue to be weak, and close attention will be paid to the changes in downstream demand and petrochemical price strategy

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