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In June, the domestic polyethylene market price was mainly declining, and the three major varieties showed a strong and then weak trend during the month, and the overall decline was greater than the increase, and the LLDPE decline was the most obvious
.
At the beginning of the month, the international crude oil price fluctuated and rose, and the price was at a high level, and the cost side brought obvious support
to the market.
Most of the ex-factory prices of petrochemical enterprises have increased, the market mentality is better, and the quotations of merchants have followed the rise
.
But then the market support is insufficient, the bearish factors are obvious, with the weakening of international crude oil prices, the cost support is limited, and the weak demand situation has not improved for the time being, the downstream more maintain on-demand replenishment, the enthusiasm for entering the market is not good, the market trading atmosphere is light, the merchant price continues to decline, and the main profit is actively let the profit shipment
.
Until the end of the month, international crude oil rebounded significantly, which was favorable to the market mentality, and the polyethylene spot market stopped falling and stabilized, and a small increase
was made.
In June, the Liansu futures market was the main player, which brought insufficient support to the spot market
.
On June 29, polyethylene futures 2209 opened at 8545, the highest price was 8558, the lowest price was 8404, the closing price was 8503, the previous settlement price was 8489, the settlement price was 8478, up 14, the volume was 407169, the position was 328501, and the daily increase was 6976
.
(Quotation: yuan/ton)
At the end of the month, the international crude oil price continued to rise, the cost brought obvious support to the market, the polyethylene spot market was boosted by this, most of them stopped falling and stabilized, and some enterprises rose slightly
.
However, the market is still bearish, the supply side has increased, the weak situation on the demand side is difficult to change in the short term, the downstream maintains on-demand replenishment, the market trading atmosphere is light, and it is expected that the polyethylene spot market may remain weak in July
.
