The polyethylene market may continue to adjust in a narrow range

On Wednesday, the main contract L2105 of the large commercial firm opened at 7735 yuan / ton, the highest touch was 7780 yuan / ton, the lowest test was 7630 yuan / ton, and the close was 7640 yuan / ton, down 100 yuan / ton, down 1.
29%.

Total lots 272375 lots, 234267 positions
.

Spot market: The domestic PE market fluctuated
slightly during the day.
In terms of petrochemicals, the low pressure of CNPC in East China rose by 100 yuan / ton, the high pressure of Sinopec decreased by 300 yuan / ton, the linear increase of CNPC in Northeast China rose by 50 yuan / ton, and the linear increase of CNPC in Southwest China rose by 50 yuan / ton, and the rest was temporarily stable
.

Although futures open low and go low, petrochemical prices are mostly stable, sporadic increases, traders have a strong mentality of supporting prices, most offers are stable, local narrow declines, downstream just need to buy, real order negotiation
.
Up to now, the quotation of LLDPE in North China is 7700-8100 yuan / ton, the quotation of LLDPE in East China is 7750-8100 yuan / ton, and the quotation of LLDPE in South China is 7700-8100 yuan / ton
.
At present, the downstream is in the off-season of demand, although the operating rate of some enterprises has increased slightly, but the overall demand is weak, coupled with the sharp decline in futures, further bearish the mentality of manufacturers, short-term benefits are difficult to find, it is expected that tomorrow's domestic polyethylene market may continue to narrow and weak adjustment
.