The hottest HDPE European debt fell into crisis ag

2022-10-23
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[HDPE] European debt is in crisis again, and the market fluctuates narrowly.

I. Market Overview

today's HDPE market fluctuates narrowly. Recently, the poor market atmosphere has increased the cautious attitude of merchants, and the shipping intention has been significantly enhanced. Some merchants have slightly reduced their prices to seek a deal. The fluctuation of confidence also makes buyers' wait-and-see mood more intense, the factory starts poorly, and the intention to prepare goods is low

II. Brief introduction to the upstream market

crude oil futures closed up 1.7% on Wednesday, ending the decline for two consecutive trading days, as the newly announced inventory growth was only slightly higher than expected and other factors provided support for oil prices. Once the Chinese refused to accept the plastic collected by these countries through the household recycling system, the settlement price of the may light and low sulfur crude oil futures contract on the New York Mercantile Exchange rose $1.68 to $102.70 a barrel

on Wednesday, trading in the Asian ethylene market was light, and CFR Northeast Asia/Southeast Asia closed flat at 1361 5 dollars/ton and 1400 5 dollars/ton. Merchants are worried about the tight supply of goods in the future market, and the pace of terminal inquiry slows down, so they hold more money to wait and see

III. market conditions around the world

today, most businesses in HDPE market deliver goods at a stable price, which does not rule out attracting buyers and reducing prices. Terminal inquiries continue to be weak, with most negotiations

PE quotation in Shantou market is stable and small, and some quotations are loose. The futures fluctuated after the high opening. The metal frame design of PetroChina South China line is an important feature of current high-end fashion, texture and firmness. Listing increases the market's cautious mentality. The mentality of the buyer and the seller is cautious, the merchants follow the market, and the inquiry of downstream factories is weak. They purchase on demand and negotiate more on trading

the PE market quotation in Ningbo is mainly stable. Futures fell after jumping high in the morning, Sinopec East China linear rose and listed, and the trading performance was weak. Mainstream merchants deliver goods at a stable price, and the terminal demand is still insufficient. The resistance in the transaction is prominent, and most negotiations are held

the PE quotation in Shunde market is stable and small, and the brands of low-voltage parts are slightly weaker. Linear futures jumped high, boosting the market trading atmosphere. PetroChina South China linear was listed for sale, and traders were cautious. The terminal demand is general, the merchants are cautious in offering, and the wait-and-see is strong. The market trading is under pressure, so they have more discussions

IV. in terms of the latest quotation

1. Petrochemical quotation

the ex factory price of HDPE in PetroChina Southwest was increased by 150 yuan/ton. It was sold at the listing price, and the inventory was general. Daqing Petrochemical 5000S is listed at 11550 yuan/ton, and Lanzhou Petrochemical 5000S is listed at 11550 yuan/ton

the ex factory price of HDPE of Sinopec East China branch is stable, priced and sold, and the inventory is general. Yangzi Petrochemical 5000S is priced at 11500 yuan/ton, and Zhongsha Tianjin t is priced at 11000 yuan/ton

PetroChina northwest HDPE export is also subject to tightening, and the factory price is stable. It is sold at the listing price, and the sales are average. Lanzhou Petrochemical 60550 hanging plate layout rdquo; The listing price of thinking is 11200 yuan/ton, and the listing price of Jilin Petrochemical 9455f is 11250 yuan/ton

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