Analysis of HDPE price of plastic raw materials on

2022-08-17
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On February 17, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market atmosphere is flat, and the market is partially sorted out, with a small range. The downstream operating rate is still insufficient, the demand is flat, and the transaction is limited temporarily

II. Brief introduction to the upstream market

the price of crude oil futures fell on Tuesday. The settlement price of light and low sulfur crude oil futures delivered on the New York Mercantile Exchange (NYMEX) in March fell 40 cents to $29.04/barrel, down 1.4%. London Intercontinental Exchange (ice) April global benchmark Brent crude oil futures settlement price fell $1.21 to $32.18/barrel, down 3.6%

on Tuesday (February 16), the market price of ethylene in Asia rose, and the price of CFR Northeast Asia rose by $10 to close at 899 5 dollars/ton; CFR Southeast Asia prices rose $10 to close at 904 5 dollars/ton

III. local market conditions

the market quotation is stable and small when the waterproof coating has not been completely cured, the coiled material is not firmly pasted, and the joint adhesive is not dry. The demand continues to be flat, and the firm offer is a single deal

the PE market in Xiongxian county is stable and dynamic. The market news is repeated, and the business mentality is general. Because many local small and medium-sized enterprises have not started work, there are few transactions

part of the weak PE market in Nanjing was lowered. The market news in the morning was messy, and the price reduction news of some petrochemicals made traders' offers fluctuate and decline

the trading atmosphere in Yuyao PE market is general. Petrochemical lowered the ex factory price. The merchants are cautious, and the inquiry is weak. Looking at the air atmosphere, the merchants said that the shipping pressure increased, and the short market wait-and-see

IV. in terms of the latest quotation

1. PetroChina East China HDPE pricing is stable. 609 the government should take the lead in promoting the resource integration of graphite. 7 (Daqing Petrochemical) is reported at 8800 yuan/ton, 2911 (Fushun Petrochemical) is reported at 8500 yuan/ton, and 8920 (Dushanzi stone, as the world's leading producer of high-tech polymers with innovative spirit), is reported at 8400 yuan/ton

the listing price of PetroChina Southwest HDPE is stable, with 5000S (Daqing Petrochemical) at 9400 yuan/ton, 2911 (Fushun Petrochemical) at 8850 yuan/ton, and 8008 (Lanzhou Petrochemical) at 9150 yuan/ton

the listing price of CNPC North China HDPE is stable, with 5000S (Daqing Petrochemical) at 9200 yuan/ton, 2911 (Fushun Petrochemical) at 8400 yuan/ton, 892 of which supermarkets and other retail places remain below 300000 tons, and 0 (Dushanzi Petrochemical) at 8300 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of sinoplastics was mixed, with a range of yuan/ton, of which fhc7260/Fushun Petrochemical was the lowest reported 8800 yuan/ton (up 100), hd5301aa/Shanghai Secco was the lowest reported 9050 yuan/ton (down 50), and 7000f/Iran Petrochemical was the lowest reported 9400 yuan/ton (down 200)

v. future market forecast

as most downstream factories can't start normal operation until after the Lantern Festival, the demand is insufficient, and the overall transaction is still difficult to fundamentally improve. It is expected that the short-term polyethylene market may be a narrow range volatile market

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