The PE market is rising too fast and rising is still the main keynote

After the end of the Spring Festival holiday, with the full resumption of work in the market, petrochemical plants continued to raise their factory quotations after the holiday, and high prices were frequent
.
Compared with before the holiday, HDPE in East China rose by about 700-750 yuan / ton; LLDPE in East China rose by about 700 yuan / ton; The LDPE increase in East China is about 900-1000 yuan / ton, and in just a few days after the holiday, the three major spot varieties have increased by about
10%.
The single-day increase in the futures market hit a new high
in recent years.

The main reason for this sharp rise is that international crude oil, which rose sharply during the Spring Festival holiday, and the cost support of the PE market was strong
.
Secondly, in the plastic futures market, Liansu opened sharply at the open, bringing obvious benefits
to the spot market.
The low level of domestic petrochemical inventories, coupled with the suspension of some petrochemical enterprises in the United States, has a strong mentality of manufacturers
.
Petrochemical enterprises have continuously raised their factory quotations, with strong cost support, traders taking goods costs have risen, and offers have followed the upward adjustment, and the real market focuses on a single talk
.

In terms of demand, with the resumption of work in downstream factories after the holiday, terminal enterprises have a certain rigid demand for raw materials, and at present, only the recovery of the mulch film industry is more obvious, because the terminal enterprises have not fully started work, the overall shipment of the market is general, and more on-demand goods are the mainstay
.

At present, from the perspective of the three major PE spot markets, LLDPE and LDPE growth has narrowed, but HDPE growth is still strong
.
Due to the insufficient stock of PE pipe terminal factories before the holiday, with the resumption of work after the holiday, the downstream replenishment demand is strong
.
But after the big rise accompanied by a big fall, the PE market is too fast, the current market rally atmosphere is strong, February 23 Liansu futures have a pullback, in the short term PE may have a risk
of falling.
However, in terms of demand, the current terminal enterprises have not fully started, and in the later period, as downstream enterprises start construction one after another, the peak season is coming, and market demand is expected
to improve.
In the long run, the rise in the PE market is still the main keynote
.