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On March 10, the price of the main domestic LLDPE market fluctuated
intraday.
Petrochemical prices are high and firm, the market is supported, and some prices are stable and slightly higher, but merchants' shipments are not smooth, and most of them are slightly loose.
Terminal demand continues to be weak, the enthusiasm for margin replenishment is weak, and it is difficult to increase the volume
of real transactions.
International crude futures rose on Wednesday, with NYMEX's U.
S.
benchmark WTI light sweet crude futures up $1.
79, or 4.
9%, at $38.
29 a barrel, and London's Intercontinental Exchange (ICE) global benchmark Brent crude futures up $1.
42, or 3.
6%,
at $41.
07 a barrel.
In the spot market, LLDPE market quotations fluctuated
slightly.
Demand continued to be flat, and the real transaction was a single talk
.
The pricing of the LLDPE market of CNPC East China was stable, with 7042 (Dushanzi) reported 9050 yuan / ton, 7042 (Jilin Petrochemical) reported 9100 yuan / ton, and 7042N (Lanzhou) reported 9050 yuan / ton
.
The listed price of CNPC South China LLDPE market was stable, with 7042N (Lanzhou Petrochemical) reported 9300 yuan / ton, 7042 (Fushun Petrochemical) reported 9300 yuan / ton, and 7042 (Sichuan Petrochemical) reported 9250 yuan / ton
.
The listed price of CNPC North China LLDPE market was stable, with 7042 (Daqing) reported 9100 yuan / ton, 7042N (Lanzhou Petrochemical) reported 9100 yuan / ton, 0209AA (Dushanzi Petrochemical) reported 9100 yuan / ton
.
Some petrochemicals continue to rise slightly, however, LLDPE market demand is still insufficient, especially downstream factories are still based on on-demand procurement, effective demand is difficult to increase, so that the confidence of market merchants in the future market is affected, and the wait-and-see mentality is becoming stronger
.
It is expected that the short-term market of polyethylene market will be mainly stable and slightly adjusted
.