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In this period (June 10-16), traders have increased their expectations of demand growth, and they are worried that supply will be weaker than demand growth.
In addition, the US and Iran return to the nuclear agreement negotiations are uncertain.
The highest price in more than two years
.
At the end of the period, WTI crude oil futures closed at US$72.
As the price of crude oil rises, the settlement price of polyolefin futures in this period continues to rise; the overall fluctuation of PVC futures is not significant
.
Supported by the upstream calcium carbide price and superimposed sellers, the PVC spot market fell first and then rose, with few high-priced transactions; polyolefins entered the off-season market, with merchants offering stable prices, and downstream companies just needing to purchase
In recent days, work safety inspections have been significantly increased, and a national video conference on safety precautions has been held to further strengthen safety supervision and law enforcement inspections.
Most parties in the market are cautious and wait and see
.
On the upstream side, the number of new overhaul devices added by plastic manufacturers has decreased, and the previous overhaul devices have gradually resumed production, and the supply has gradually expanded
PVC fluctuated slightly.
Futures fluctuated and adjusted.
Merchants' quotations were adjusted slightly.
The downstream just needed to receive the goods.
The trading was not tepid, and the spot market was not volatile in this period
.
As of the end of the period, the mainstream self-raising price of type 5 ordinary calcium carbide in the South China and East China markets was 9,200-9300 yuan (ton price, the same below)
PVC oscillates slightly PVC oscillates slightly
PP slightly tidied up.
The futures market fluctuated and rebounded.
A small number of petrochemical companies adjusted their ex-factory prices.
Traders offered a small increase with little change.
The downstream factories were cautious in purchasing, and the overall market was fair
.
As of the end of the period, the mainstream quotation of domestic wire drawing materials was 8300-8550 yuan, a slight increase of 10 yuan from the previous period
PP small finishing PP small finishing
LLDPE fluctuated within a narrow range.
Futures rose slightly, and petrochemical companies' ex-factory prices were individually adjusted.
Traders' offers were mixed.
Some of them showed a slight warming.
The downstream factories were mostly cautious and wait-and-see, and purchases did not improve significantly
.
As of the end of the period, the mainstream domestic LLDPE quotations ranged from 7680 to 8250 yuan, a slight increase of 40 yuan over the previous period
LLDPE narrow oscillation LLDPE narrow oscillation
(China Plastic Price Index Research Center)
