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Downstream market entry is generally The overall trend of PE spot is weak

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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The overall trend of the three major varieties of PE spot this week is weak, HPDE in East China runs smoothly during the week, LLDPE prices are narrowly reduced, and LDPE prices fall first and then rise, but the volatility of the spot market is limited
.
Most of the petrochemical ex-factory prices fell this week, and the cost support was weak, with a range of 50-200 yuan / ton
.
The downstream maintains on-demand replenishment, the market trading atmosphere is sluggish, the merchant mentality is not good, the negotiation mode continues, and the market quotation rises and falls
.
Among them, the high pressure is affected by the shutdown and maintenance of Shenhua Yulin, the market supply is limited, and the price has been raised
.

Data show that the average ex-factory price of LLDPE (7042) in East China was 8316.
67 yuan / ton on August 29, and the average price on September 3 was 8250.
00 yuan / ton, down 0.
80% in the week, up 7.
14%
compared with the same period last year.
The average ex-factory price of LDPE (2426H) in East China was 11350.
00 yuan / ton on August 29, and the average price on September 3 was 11337.
50 yuan / ton, down 0.
11% in the week, up 9.
67%
compared with the same period last year.
The average ex-factory price of HDPE (5000S) in East China was 8750.
00 yuan / ton on August 29 and 8750.
00 yuan / ton on September 3, and the price was stable during the week, up 1.
74%
compared with the same period last year.

Upstream ethylene market, the recent external ethylene market overall upward trend
.
Asian ethylene market prices continued to rise, as of the 3rd, CFR Northeast Asia closed at $1006-1016/ton, CFR Southeast Asia closed at $986-996/ton
.
The European ethylene market price was volatile and consolidated, and as of the 3rd, FD northwest Europe closed at 1212-1222 US dollars / ton, CIF northwest Europe closed at 1136-1144 US dollars / ton
.
Ethylene prices in the United States fluctuated and rose, as of the 3rd, the price was 1026-1044 US dollars / ton, the recent external ethylene market overall upward trend, European ethylene recent fluctuations are not large
.
Asian ethylene rose
in stages.
In general, the recent demand for the entire ethylene external market is general, the market trading atmosphere is acceptable, and the ethylene market has risen
slightly.

In terms of current market supply, there is an expectation of increase in the later stage, in terms of demand, the downstream market is general, the terminal takes goods on demand, and the merchant mentality is not good, but the futures market trend is rising, and the demand for agricultural film is expected to grow in the later stage, and in the future, it is expected that the PE spot market will fluctuate
upward.

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