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In this wave of rising prices since September, traditional energy and bulk raw materials are still on the rise, and downstream terminals are struggling to digest high costs
.
polyethylene market
polyethylene marketToday, the spot market price of polyethylene is mainly rising, and the adjustment range of the line price in the main area is 50-200 yuan / ton
.
PE2201 futures price chart
The price of polyethylene main contract futures shot up to 10,325 yuan / ton, and closed at 10,000 yuan / ton
.
Polypropylene Market
Polypropylene MarketThe ex-factory price of polypropylene: CNPC North China raised 100-200 yuan/ton; CNPC South China mostly raised 100-150 yuan/ton; Sinopec South China raised 100-250 yuan/ton; CNPC Northeast raised 100-200 yuan/ton
.
The price of polypropylene transparent material is above 11,000 yuan / ton, represented by Formosa Plastics 5090T and Zhenhai Refinery M26ET
.
PP2201 futures price chart
The futures price of the main polypropylene contract shot up to 10,612 yuan / ton and closed at 10,301 yuan / ton
.
Traditional energy prices are high
Traditional energy prices are highThe short-term strength of crude oil is still continuing, mainly due to the tight supply side and the support of energy substitution demand
.
Energy alarms sounded in Europe, and gas prices soared
.
As of the close at noon, methanol rose 8% to 4,013 yuan/ton; thermal coal rose 8% to 1,048.
2 yuan/ton; methanol, urea, LPG, thermal coal, ferrosilicon, manganese silicon, and coking coal continued to hit record highs
.
Crazy October?
Crazy October?Thermal coal policies are frequent, and places such as Inner Mongolia and Shaanxi have issued news of increasing supply, but it will take 3-4 weeks from the implementation of the policy to the release of incremental coal
.
The continuous heavy rainfall in Shanxi was severely affected, and most of the coal mines were closed.
The heavy rain in Shaanxi also affected hundreds of thousands of people.
Shanxi and Shaanxi are being rescued by all parties
.
Shanxi and Shaanxi are major coal-producing provinces in China.
Due to heavy rains and power cuts, domestic coal supply is tight
.
In addition, the market capital is abundant, and the enthusiasm for speculation is not diminished
.
The price of downstream BOPP manufacturers has increased by 1000-1800 yuan / ton.
There is no low-priced supply on the field.
The film factory mainly delivers orders, and the downstream just needs to follow up
.
Most plastic terminal enterprises expressed their dismay at the high price of raw materials, the pace of terminal procurement has slowed down, and the wait-and-see atmosphere has been upgraded
.
Taking into account the stronger supply side, polyethylene and polypropylene futures prices continue to drive the rising pace, and the domestic spot prices of polyethylene and polypropylene remain at RMB 10,000/ton for several days
.
In October, the market was full of unknowns, surprises and worries, and the judgment of the market trend has been separated from the fundamentals of supply and demand
.
Despite the difficulties expressed by downstream companies, the polyethylene and polypropylene markets still have the opportunity to reach new heights
.
