The hottest HDPE has insufficient confidence and i

2022-10-16
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[HDPE] lack of confidence, aftermarket pressure

I. market overview

the market continued yesterday's trend, and the market was stable and fell. The higher opening of LLDPE futures boosted the market, and the spot price remained basically stable. However, affected by the light market transactions, and the continued decline in the ex factory prices of some Sinopec and PetroChina, the aftermarket was under pressure. Market confidence was generally insufficient, and the market was still facing downward pressure. Mainstream price: wire drawing material yuan/ton, injection plastic yuan/ton, film material yuan/ton, hollow material yuan/ton

II. Brief introduction to the upstream market

the settlement price of light and low sulfur crude oil futures contract delivered in November on the New York Mercantile Exchange rose 24 cents to $92.09 a barrel. Ice Brent crude oil futures contract fell 73 cents to $115.07 a barrel

on October 16, Asian ethylene closed higher, CFR Northeast Asia rose 6 to US dollars/ton, and CFR Southeast Asia rose 6 to US dollars/ton in the second half of the 19th century

III. local market conditions

the market price is lower today. Because PetroChina has lowered its listing price for days, participants are pessimistic, downstream demand is weak, and merchants are actively shipping

in Changzhou market, part of the market fell by RMB/ton, and merchants mainly offered flat or part of the profits, actively seeking to clinch a deal. Daqing 5000S reported 11100 yuan/ton, Lanhua 5000S reported 11000 yuan/ton, Dushanzi 8920 reported 10650 yuan/ton, Dushanzi 8008 reported 10950 yuan/ton, Daqing 8007 reported 107, hoping to help you 50 yuan/ton

the Hangzhou market fell slightly by 50 yuan/ton, with merchants actively shipping and negotiating. Fulian 6094 is quoted at 10800 yuan/ton, Fulian 8920 is quoted at 10600 yuan/ton, Fulian 8008 is quoted at 11050 yuan/ton, Dushanzi 8008 is quoted at 10750 yuan/ton, Lanhua 5000S is quoted at 10950 yuan/ton, Daqing 5000S is quoted at 11050 yuan/ton, and Jihua 9455f is quoted at 10800 yuan/ton

the quoted price in Wuhan market decreased by RMB/ton, and the downstream mainly purchases on demand, with few transactions. Lanhua 5000S reported 11100 yuan/ton, Yangzi 5000S reported 11300 yuan/ton, Yangzi 8920 reported 10750 yuan/ton, Yangzi 8008 reported 10950 yuan/ton, Yangzi 5502 reported 11050 yuan/ton, Maoming 9455f reported 11150 yuan/ton, Maoming 8800 reported 11200 yuan/ton, Maoming tr144 reported 11200 yuan/ton

IV. the latest quotation

1. Petrochemical quotation

Shanghai Jinfei HDPE pricing is stable: 5502 is quoted at 11600 yuan/ton, tr144 is quoted at 11700 yuan/ton, tr480 is quoted at 11600 yuan/ton, 50100 is quoted at 11700 yuan/ton, TR550 is quoted at 11700 yuan/ton, and tr210 cable material is quoted at 12100 yuan/ton

Zhongsha Tianjin HDPE pricing is stable: t reports 10600 yuan/ton, PN reports 11400 yuan/ton, K reports 11100 yuan/ton, tgb/t 2811-2007 helmet 0 reports 10600 yuan/ton, 5411 reports 10900 yuan/ton, 5502xa this technology is derived from iphone5c reports 10900 yuan/ton, 4560ua reports 11200 yuan/ton

Maoming Petrochemical HDPE pricing cut: tr480m reported 11250 yuan/ton, 5502 fell 200 yuan/ton to 1120 yuan/ton, tr144 fell 100 yuan/ton to 11000 yuan/ton

2. The quotation of the mall

as of 15:00, some brands of HDPE in the spot of China Plastics Co., Ltd. rose and fell, with a range of yuan/ton. Among them, 5000s/Lanzhou Petrochemical lowest reported 11100 yuan/ton (up 20), dmda-8007/China Shenhua lowest reported 10530 yuan/ton (down 120), dmda-8008/Dushanzi Petrochemical lowest reported 11150 yuan/ton (down 50), hd5070ea/Panjin Ethylene lowest reported 11700 yuan/ton (down 50), hd5502fa/Shanghai Secco lowest reported 11450 yuan/ton (up 50), hd5502s/Huajin Chemical lowest reported 11100 yuan/ton (down 100)

v. future forecast

in terms of macro today, Moody's confirmed that Spain's baa3 credit rating outlook is negative; The negotiations between the Greek government and representatives of the International Monetary Fund, the European Commission and the European Central Bank on austerity and reduction have broken down. The two sides have great differences on many issues, and the negotiations will resume later in the day. International crude oil remained volatile, Brent's November contract expired yesterday, and the price difference between Brent and WTI reached the highest $24 this year. In the short term, the crude oil market has not gone out of an obvious direction. The departure of short sellers yesterday also indicates a resurgence of divergent mentality in the current price market. It is expected that today it will continue to be dominated by shock consolidation

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