Brief introduction of HDPE market of China Plastic

As of 10 a.m. on August 10, 2009, China plastic price index fell 1.59 points to 1020.91 points, and China plastic spot index fell 0.23 points to 1045.13 points

I. upstream dynamics:

therefore,

the settlement price of NYMEX light and low sulfur crude oil futures for delivery in September fell by $1.01 to $70.93 a barrel, down 1.4%. ICE Futures Exchange, September Brent crude oil futures contract settlement price fell $1.24 to $73.59 a barrel, down 1.7%

II. Manufacturer dynamics:

the overall inventory of HDPE in PetroChina East China is general, and now it is sold at a fixed price. Duzishan Petrochemical 6070 reported 10800 yuan/ton. Daqing Petrochemical 5000S reported 11100 yuan/ton, Lanzhou Petrochemical 5000S reported 11100 yuan/ton

PetroChina South China HDPE has less inventory and is now priced for sale. Fushun Petrochemical reported 2911 at 10800 yuan/ton, and duzishan Petrochemical reported 6070 at 10800 yuan/ton

Sinopec Sales South China branch increased the added value of products, HDPE continued to be listed for sale, and the inventory was general. Maoming Petrochemical 5502 reported 10700 yuan/ton, and Maoming Petrochemical 50100 reported 10700 yuan/ton

Sinopec Sales North China branch has general HDPE inventory, and most of them are sold at fixed prices. Yanshan Petrochemical reported 10800 yuan/ton for 5000S and Qilu Petrochemical reported 10800 yuan/ton for 2480

III. local market conditions:

the listing of China Plastics spot mall this morning, HDPE prices rose and fell, with a range of yuan/ton

the PE market in Yuyao is obviously on the sidelines. The quotation of traders adheres to the level of last week, but there is room for negotiation. The inquiry is relatively light, and there is no obvious transaction for the time being

the PE market in Beijing is mainly on the sidelines. At present, the market quotation is not much. The mainstream market price is stable compared with yesterday, and some prices are slightly adjusted

the quotation in Hangzhou PE market is stable and slightly lower, the demand is light, and the transaction is very difficult. Traders can make slight concessions to the demand, and the market supply is still relatively small

the inquiry transaction in Nanjing PE market is very light. HDPE maintains flat output, drawing price is 11000 yuan/ton, and hollow price is 10400 yuan/ton

the wait-and-see atmosphere between buyers and sellers in Shunde PE market is obvious. The market price continues. The adjustment method is weekend price, and the enthusiasm of merchants is not high. Daqing 5000S reported 10500 yuan/ton, Fushun 2911 reported 10350 yuan/ton

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