PE has little room to fall in April or volatile rise

The overall trend of the PE spot market in March can be divided into two parts
: the first half of the month and the second half of the month.
In the first half of the month, the three major varieties of PE spot continued the rally in February, and the overall center of gravity moved
upward.
In the second half of the month, the three major varieties of PE spot fell to varying degrees, of which LLDPE was greatly affected by the futures market, and the decline was also the most obvious
.

In the first half of the month, the PE market as a whole rose slightly, and the three major varieties of spot goods rose by different amounts, of which LDPE in East China rose the most conspicuously
.
In March, Maoming high-voltage equipment overhaul brought some support
to the high-voltage market.
In addition, the operating rate of agricultural film and mulch film increased significantly in March, and the increase in linear demand brought some support
to the market.
Secondly, upstream enterprises went to storage slightly, the overall inventory of the two barrels of oil was still low year-on-year, and the international crude oil, the first half of the month was the main player, all of which brought benefits to the market
.
The three major spot varieties have continued the upward trend in February, and the center of gravity continues to move
upward.

In the second half of the month, the PE market fell as a whole, except for Fushun Petrochemical in East China that raised 100 yuan / ton, other varieties were lowered by 50-500 yuan / ton, of which LLDPE fell the most
.
In the second half of the month, the futures market fell continuously, which put some pressure
on the spot market.
In the downstream, the mulch film industry has gradually entered the off-season, while the shed film market has not yet opened, and the market demand is insufficient
.
The ex-factory quotations of petrochemical enterprises have declined, and the market trading atmosphere is poor
.
Merchants are blocked from shipping, and they are more accompanied by the market, and the profit report is the mainstay
.
International crude oil fluctuated and fell in the second half of the month, bringing limited benefits to the PE market
.
The downstream mentality is cautious, the wait-and-see mood is strong, the terminal is mainly replenished on demand, and the real market focuses on a single talk
.

At the end of the month, international crude oil rose slightly, and the futures market turned red, which was favorable to the market mentality
.
The two oil inventories are still at a low level year-on-year, and in terms of demand, the operating rate of agricultural film has fallen due to seasonal influence, and the pipe and packaging film have increased
.
However, the downstream mentality is general, and more maintenance of on-demand replenishment, and the enthusiasm for entering the market is not good
.
The operating rate of upstream enterprises continued to remain high, and production increased
slightly.
On the whole, the PE spot market has little room for decline, and it is expected to rise mainly in April
.