The hottest HDPE market offer adjustment is not la

  • Detail

[HDPE] the market offer adjustment is not large, waiting for the guidance of the news

I. brief introduction of the market

the oil price fell slightly, the linear futures went low and fluctuated after the opening, the market waited and waited heavily, and all parties waited for the further guidance of the news. Petrochemical prices are stable, which continues to support market costs. The quotation is basically close to the level of last weekend, the downstream receiving situation is still weak, and the resistance to high prices is strong, and the terminal transactions mostly stay at the inquiry level. Mainstream price HDPE: wire drawing material yuan/ton, injection plastic yuan/ton, film material yuan/ton, hollow material yuan/ton

II. Brief description of upstream market

due to the reduction of China's crude oil imports, the export data was worse than expected and the International Energy Agency (IEA) lowered the global crude oil demand forecast. The price of September futures oil in New York fell $0.49, or 0.5%, to $92.87, while the electronic price rose 0.41%, rising 1.6% in the whole week. Brent September futures fell $0.27 to $112.95, up 3.7% for the week

last Friday (August 10), ethylene in Asia closed higher, with CFR Northeast Asia up 49 dollars/ton and CFR Southeast Asia up 13 dollars/ton

III. local market conditions

today's HDPE market quotation is stabilizing. Merchants ship goods according to the market, the transaction atmosphere is general, and the downstream demand has not improved

the PE market in Changzhou was slightly higher. Daqing 2426h reported 10350 yuan/ton, 2426k reported 10200 yuan/ton, Daqing 5000S reported 11450 yuan/ton, Lanhua 5000S reported 11400 yuan/ton, and Fulian 8008 reported 10750 yuan/ton

the Shantou market continued to be flat today, with little change throughout the day. A few fell slightly by about 30 yuan/ton, the downstream demand was sluggish, the morning inquiry was light, the merchants' mentality was poor, and shipping was the main thing. Fulian 7042 reported 9530 yuan/ton, 218nf tax-free 9500 deployed to start the first batch of major project acceptance yuan/ton, 7050 tax-free 9600 yuan/ton

most of the quotations of Hebei PE have stabilized, and the overall transaction price is negotiable. The traders holding the goods actively seek to conclude a transaction. They quote 10500 yuan/ton for 18D, 10450 yuan/ton for 2426h, 10300 yuan/ton for 2426k, 10000 yuan/ton for 9020, 9950 yuan/ton for 222wt, and 11430 yuan/ton for 5000S

IV. in terms of the latest quotation,

Shanghai Jinfei HDPE pricing Rose: 5502 rose 200 yuan/ton to 10900 yuan/ton, tr144 rose 110 yuan/ton to 11100 yuan/ton, tr480 rose 110 yuan/ton to 11100 yuan/ton, 50100 rose 110 yuan/ton to 11100 yuan/ton, TR550 rose 110 yuan/ton to 11100 yuan/ton. When the load can no longer rise, tr210 cable material is quoted 11500 yuan/ton

Fujian United HDPE pricing is stable: film 6097 is reported as 9900 yuan/ton, pipe 2480 is reported as 11700 yuan/ton, 6094 is reported as 11000 yuan/ton, 8008 is reported as 10500 yuan/ton, and 8920 is reported as 10500 yuan/ton

Shanghai Petrochemical HDPE pricing is stable: pipe material ygh041 is reported at 11000 yuan/ton, pipe material ygh041t is reported at 11400 yuan/ton, and membrane material mh602 is reported at 10800 yuan/ton

v. future forecast

Fundamentals: 1. Seeking high resolution of data mining, the reduction of ethylene supply in Asia has formed a certain support for the market. However, the weak economy in the euro area, the strong economic pattern of the United States and the weak economic pattern of Europe have formed a certain support for the dollar, and after continuous rebound, the market also has some adjustment pressure. The future trading was slightly light, and most of them shipped in line with the market. Downstream demand continued to be weak, still mostly on the sidelines, with few firm offers. It is expected that the short-term polyethylene market may fluctuate slightly

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI