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    Home > Chemicals Industry > New Chemical Materials > Fundamentals are not favorable for the time being, and the short-term domestic PE upside is limited

    Fundamentals are not favorable for the time being, and the short-term domestic PE upside is limited

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Monday, the main contract L2105 of Dalian Commercial Exchange opened at 7725 yuan / ton, the highest touched 7770 yuan / ton, the lowest down 7625 yuan / ton, and closed at 7760 yuan / ton, up 155 yuan / ton, or 2.
    04%.

    Total lots 217612 lots, 233607 positions
    .

    Spot market: The domestic PE market is running
    strongly during the day.
    In terms of petrochemicals, the high pressure of medium oil in East China dropped by 100-200 yuan / ton, the low pressure part dropped by 100 yuan / ton, and the linear general drop was 50 yuan / ton; The high-pressure part of CNPC in North China dropped by 100 yuan / ton, and some products of CNPC continued to be batched; In Northeast China, most of the medium oil high pressure decreased by 200 yuan / ton, the low pressure mostly decreased by 100 yuan / ton, and the linear part decreased by 50-100 yuan / ton; The high pressure of medium oil in the northwest region rose by 100 yuan / ton; In South China, most of the medium oil high pressure dropped by 200 yuan / ton, the low pressure part decreased by 50-200 yuan / ton, the petrochemical high pressure general decreased by 300 yuan / ton, and the low pressure/linear part decreased by 50-200 yuan / ton; In southwest China, most of the medium oil high pressure decreased by 200 yuan / ton, the low pressure part decreased by 100 yuan / ton, and the linear general reduction was 100 yuan / ton; The rest are stable
    for the time being.

    CNPC factory part of the price reduction, but futures opened high and fluctuated higher, downstream inquiry enthusiasm increased slightly compared with the previous period, merchant offer part tentatively rose slightly, but the overall trading was average
    .
    Up to now, the quotation of LLDPE in North China is 7750-8050 yuan / ton, the quotation of LLDPE in East China is 7680-7950 yuan / ton, and the quotation of LLDPE in South China is 7700-8100 yuan / ton
    .

    The outbreak of the epidemic in many places in China has caused market panic
    .
    According to the conventional law, the two oil inventories after the holiday are in accumulated inventory or have the expectation of falling, but the futures open high and go high to a certain extent to support the market, in the short term in addition to the macro level impact, the fundamentals are not much positive for the time being, it is expected that the short-term domestic PE upside is limited
    .

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