echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > PE prices rise and fall and the market is generally trading

    PE prices rise and fall and the market is generally trading

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the domestic PE market prices were mixed, with linear and high-pressure prices rising by 20-100 yuan / ton in North China, 50-100 yuan / ton in others, and softening prices in East and South China ranging from
    50-200 yuan / ton.
    Futures opened high and fluctuated, supported by merchants reporting higher linear prices, but petrochemical companies successively lowered high-pressure and low-pressure prices, and merchants shipped under greater pressure, and some followed the decline
    .
    Downstream demand is weak, and real transaction negotiations are made
    .

    PE

    During the day, the market price of PE US dollars continued to fall, and some low-pressure and linear prices fell by 10-20 US dollars / ton, which increased the profit offer, and the transaction situation did not change significantly
    .
    The market linear mainstream offer is 1100-1130 US dollars / ton, the low pressure mainstream price is 1080-1120 US dollars / ton, the partial melting injection molding is understated at 1060 US dollars / ton, and the high pressure mainstream offer is 1190-1220 US dollars / ton
    .
    Downstream factories continue to be bearish in the future, negative margin replenishment, more real just need to purchase, transaction is difficult to release
    .
    The fall of PE US dollars and the serious internal price are difficult to effectively boost
    in the near future.
    Traders have a negative mentality and give more profits to shipments, and PE dollars may continue to decline in the later period
    .
    Tomorrow's linear price or $1080-1120/mt
    .

    In terms of news, U.
    S.
    employment data is optimistic, OPEC has the intention to continue to cut production, and European and American crude oil futures fell nearly 5% intraday after a technical rebound
    .
    On May 5, the June 2017 futures settlement price of West Texas Light Oil on the New York Mercantile Exchange was $46.
    22 per barrel, up $0.
    70 / barrel, or 1.
    5%, from the previous trading day, trading in a range of $43.
    76-46.
    68 per barrel; Brent crude oil futures for July 2017 settled at $49.
    10 per barrel on the Intercontinental Exchange in London, up $0.
    72/barrel, or 1.
    5%, from the previous session, and trading in a range of $46.
    64-$49.
    63/barrel
    .

    Crude oil oscillations, the impact on chemicals is general
    .
    Plastics weakened after opening high during the day, basically flat water weekend closing price, market sentiment is average
    .
    In terms of spot, petrochemical is downward, the market is weak, trading is average, observe spot quotations, and the black trend
    of bulk leaders.
    Short-term weak treatment
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.