Analysis of HDPE price of plastic raw materials on

On November 26, secondly, from the supply side, the price analysis of Japanese plastic raw material HDPE

I. brief introduction of the market

linear futures rose for several days. At the same time, some petrochemical enterprises raised the ex factory price, boosting the market mentality. However, the terminal demand did not improve significantly, and it continued to occupy the main stream with it, and the PE market quotation was mainly adjusted with volatility

II. Brief introduction to the upstream market

the price of crude oil futures rose slightly on Wednesday. The current settlement price of crude oil futures delivered in January next year on the New York Mercantile Exchange rose by 17 cents to $43.04/barrel, or 0.4%. Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, rose 5 cents, or 0.1%, to $46.17 a barrel

on Wednesday (November 25), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia was stable to close at 1054 5 dollars/ton; CFR Southeast Asia prices remained stable at 1054 5 dollars/ton

III. local market conditions

partial adjustment of market quotation. The demand continues to be flat, and the firm offer is a single deal

PE prices in Wuhan market rose slightly. Boosted by the news that petrochemical enterprises were pulling up, some offers rose slightly, but many transactions said that they could be discussed in a single way

Yuyao PE market is high-level, the market transaction is general, the mentality of merchants is OK, and continue to support the price; Customers are still cautious about picking up goods, and the actual transaction is mostly negotiated, and businesses are on the sidelines for this round of rise

PE prices in Nanjing market were sorted out. Petrochemical prices are temporarily stable, and the market trading atmosphere has slightly warmed up. Merchants are cautious to wait and see, and follow the market offer. Downstream demand continued to be weak, and transactions focused on negotiation

IV. in terms of the latest quotation

1. PetroChina East China HDPE pricing adjustment, 8920 (Dushanzi Petrochemical) fell 100 yuan to 200 yuan/ton, 5000S (Lanzhou Petrochemical) rose 50 yuan to 8, which is composed of strain gauges, elastic components and some accessories (compensation components, protective shields, wiring sockets, loading parts) 900 yuan/ton, 7750m (Fushun Petrochemical) rose 50 yuan to 8700 yuan/ton

the pricing of HDPE in North China of CNPC increased, with 8920 (Dushanzi Petrochemical) reported 8000 yuan/ton, 7750m (Fushun Petrochemical) increased by 50 yuan to 8650 yuan/ton, and 5000S (Daqing Petrochemical) increased by 50 yuan to 8900 yuan/ton

the pricing of HDPE in South China of CNPC was raised. 9455f (Sichuan Petrochemical) rose 100 yuan to 8850 yuan/ton, 2911 (Fushun Petrochemical) rose 100 yuan to 8950 yuan/ton, and 6097 (Daqing Petrochemical) rose 100 yuan to 8900 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 52518/Iranian Petrochemical was the lowest reported at 8250 yuan/ton (down 50), bf4810/Brazil was the lowest reported at 9000 yuan/ton (down 100), and hd5502s/Wuhan Petrochemical was the lowest reported at 9200 yuan/ton (up 200)

v. aftermarket forecast

after the early price reduction and promotion, the inventory of petrochemical enterprises has decreased, some petrochemical enterprises have raised the ex factory price, coupled with the high volatility of crude oil prices and futures, the market confidence has been boosted, and traders mostly follow the market to test the high price, but the terminal demand has not changed significantly, and they just need to purchase 3. Tensile test motors: mainly. Driven by favorable conditions, it is expected that the PE market will continue to rise steadily in the near future

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