The hottest HDPE part of the offer went high, and

2022-10-24
  • Detail

[HDPE] part of the offer went up, and the trading was still not satisfactory.

I. brief description of the market

pe market rose slightly in stability, and the trading was still committed to the experimental machine using microcomputer for data processing and analysis. The opening price of linear futures rose, and the price stability of petrochemical enterprises in East China region has a certain support for the market. Merchants tentatively reported high prices, but the demand is not satisfactory, and it is difficult to deal in large quantities. The market has a strong cautious wait-and-see mentality. Mainstream price HDPE: wire drawing material yuan/ton, injection plastic yuan/ton, film material yuan/ton, hollow material yuan/ton

II. Overview of upstream market

crude oil futures prices may be mainly consolidation at this stage. Crude oil prices fell after hitting a new five-day high of $85.60 per barrel on Monday (June 18), and finally closed at $83.27 per barrel, down $0.76. Ice August Brent crude oil futures contract settlement price fell $1.56 to $96.05 a barrel, the lowest settlement price in the year, down 1.6%

on Monday, Asian ethylene closed steady, CFR Northeast Asia USD/ton, CFR Southeast Asia USD/ton

III. local market conditions

HDPE market quotation rose slightly today. There is a strong wait-and-see atmosphere in the market, and the enthusiasm of downstream factories to receive goods is not high. The actual transaction is a single discussion

Shantou's market quotation increased slightly by about 50 yuan/ton, other quotations were relatively stable, demand was weak, some downstream factories were shut down, and trading was blocked. Maoming tr144 was tax-free at 10150 yuan/ton, Dushanzi 8008 was tax-free at 9550 yuan/ton, Dushanzi 5502 was tax-free at 9550 yuan/ton, Guangzhou Petrochemical 2001 was tax-free at 9250 yuan/ton, and shell 2426h was tax-free at 9650 yuan/ton

the quotation of PE in Linyi has been slightly sorted out and changed little. The market is mainly on the sidelines, and the terminal demand is still flat. The transaction price is more negotiated. Zhenhai 7042 is tax-free 9230 yuan/ton, 8920 is tax-free 11000 yuan/ton, 5502 is tax-free 9750 yuan/ton, and the quotation is 10300 yuan/ton, and Yangzi 1802 is tax-free 9240 yuan/ton

Shunde's market quotation is mainly stable, and some low-voltage fluctuates slightly at about 50 yuan/ton. The market atmosphere is general. Merchants mainly ship goods, with Fulian 7042 tax-free 9150 yuan/ton, 218nf tax-free 9150 yuan/ton, 218w tax-free 9750 yuan/ton, and tax-free 9700 yuan/ton

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC North China HDPE is stable: 5000S (Daqing) at 11150 yuan/ton, 5000 according to the physical principle s (Lanhua) at 11150 yuan/ton, 5300b (Daqing) at 10350 yuan/ton, 5502 at 10350 yuan/ton, 4801ex (Dushanzi) at 10900 yuan/ton, 8008/8007 (Dushanzi) at 10270 yuan/ton, 8920 (Dushanzi) at 10460 yuan/ton, 2911 (Fushun) at 10870 yuan/ton, 9455f quoted 10570 yuan/ton, 60550 quoted 10520 yuan/ton

the listing price of CNPC South China HDPE has improved and developed steadily: 5000S (Daqing) reported 11200 yuan/ton, 8008 (Dushanzi) reported 10500 yuan/ton, t reported 10300 yuan/ton, 4801 reported 11400 yuan/ton, 5502 reported 10300 yuan/ton, 2911 (Fushun) reported 10900 yuan/ton

the price of HDPE in Zhongsha Tianjin is stable: t reports 10000 yuan/ton, PN reports 11000 yuan/ton, K reports 10700 yuan/ton, t reports 9800 yuan/ton, 5411 reports 1020 yuan/ton. As the first research base of physical property testing technology for functional thin film materials in China, 0 yuan/ton, 5502xa reports 10200 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, 2911/Fushun Ethylene lowest reported 11000 yuan/ton (up 50), 7000f/Iran Petrochemical lowest reported 10700 yuan/ton (down 50), hd5502s/Huajin Chemical lowest reported 10400 yuan/ton (down 150), hd5502xa/Dushanzi Petrochemical lowest reported 10450 yuan/ton (up 150)

v. future forecast

Greek officials announced the preliminary statistical results of the parliamentary election on the evening of the 17th. The conservative New Democratic Party won by 2.4%, and is expected to form a cabinet jointly with the pan Greek Social Movement Party. The possibility of Greece's "exit" from the euro zone in the short term is sharply reduced. Domestically, the market's concern about the continued slowdown in macroeconomic growth is gradually easing in the future. Against the background of the policy tone of stable growth, the market has a strong wait-and-see atmosphere, and most businesses are cautious in trading, mainly shipping according to the market. The terminal demand continues to be weak, the inquiry is still poor, and the firm offer transaction is still dominated by negotiation. It is expected that the market will be dominated by shock consolidation in the short term

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