The price of polyethylene is stable and upward, and the market supply pressure is obvious

This week, the ex-factory price of petrochemical enterprises was partially adjusted in a narrow range, with a linear adjustment range of 50-200 yuan / ton, and a low pressure adjustment range of 50-150 yuan / ton
.
Liansu futures first rose and then fell, bringing short-term benefits to the spot market, but the merchant mentality is general, the demand season is nearing the end, and more active shipments are the mainstay, which brings a certain restraint to the rising market, and the overall trading atmosphere of the market during the week is relatively mild, and the price is more up
.

This week, Liansu futures first rose and then fell, bringing phased benefits
to the spot market.
On November 26, polyethylene futures 2201 opened at 8890, the highest price was 8913, the lowest price was 8663, the closing price was 8665, the previous settlement price was 8901, the settlement price was 8785, down 236, or 2.
65%, the trading volume was 487702, the position was 221436, and the daily increase was -21318
.
(Quotation: yuan/ton)

At present, the supply side of the domestic market has increased significantly, although the demand side is still in the peak demand season, but affected by environmental protection policies, demand growth is relatively limited, and the peak season has entered the end, the merchant mentality is weak, more active shipments, the futures market fell late in the week, the support brought to the spot market is limited, petrochemical enterprises have maintained a high level, and the market supply pressure is obvious
.
It is expected that the PE spot market may weaken in the later stage
.