The hottest LLDPE Dragon Boat Festival holiday is

2022-08-15
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[LLDPE] the small and Long Dragon Boat Festival holiday is approaching, and the market remains volatile.

I. brief introduction of the market

the overall situation of the PE market is stabilizing. The Dragon Boat Festival holiday is approaching, the market trading atmosphere is poor, coupled with the lack of information guidance, most traders are not interested in war, the market wait-and-see atmosphere is strong, and the market continues to be deadlocked. Mainstream price: LDPE: yuan/ton, LLDPE: yuan/ton, HDPE: wire drawing material: yuan/ton, plastic injection material: yuan/ton, while rock wool, EPS board, etc. cannot be directly used for roof and ground insulation under pressure, film material: yuan/ton, hollow material: Yuan/ton

II. Brief introduction to the upstream market

crude oil futures fell to the lowest level in eight months on Wednesday. The July light and low sulfur crude oil futures contract on the New York Mercantile Exchange fell $2.23 to $81.80 a barrel, down 2.7%, which was the lowest closing level of contracts in recent months since October 5 last year. The settlement price of ice Brent crude oil futures contract fell $3.07 to $92.69 a barrel, down 3.2%, the lowest closing level since December 17, 2010

on Wednesday, Asian ethylene rose $5, CFR Northeast Asia to $per ton, CFR Southeast Asia to $per ton

III. local market conditions

today's PE market quotation is stable. The market mentality is relatively pessimistic. Merchants ship goods according to the market, and the transaction is general. There is no improvement in downstream demand

Hangzhou linear quotation went up by 50 yuan/ton, the high-pressure quotation was stable, and the transaction of the normal force business that the trade passed to the sample was poor. Yangzi wire drawing quoted 11400 yuan/ton, PetroChina wire drawing quoted yuan/ton, 2911 quoted 10850 yuan/ton, 8008 quoted 10400 yuan/ton

the quotation of PE linear in Linyi rose slightly by yuan/ton, mainly on the sidelines near the holiday market. Although the futures opened low and went low, there were few spot resources, and the mentality of goods holders was stable. Daqing 5000S was tax-free 10550 yuan/ton, including tax yuan/ton, and 8920 was reported as 11000 yuan/ton

affected by PetroChina's increase in low-pressure quotation, the quotation of low-pressure injection molding, hollow and wire drawing rose by yuan/ton, while the other quotations were stable, the market supply was small, but the demand was weak, and the transaction was still sluggish. 5301 is quoted at 10800 yuan/ton, and Zhenhai 7042 is quoted at 9750 yuan/ton

IV. the latest quotation

1 PetroChina South China LLDPE pricing fell: 7042 (Jihua) fell 100 yuan/ton to 9800 yuan/ton, 7042 (Lanhua) fell 100 yuan/ton to 9800 yuan/ton, 7042 (Dushanzi) fell 100 yuan/ton to 9800 yuan/ton, and there were no missing or damaged components of 9800 yuan/ton

Fujian United LLDPE pricing Rose: membrane material 7042 increased by 50 yuan/ton to 9700 yuan/ton, and 7050 increased by 50 yuan/ton to 9750 yuan/ton

Maoming Petrochemical LLDPE pricing increased individually: 7042 film reported 9800 yuan/ton, 7042 powder reported 9600 yuan/ton, 7144 increased 150 yuan/ton to 10000 yuan/ton

2. The main machine of the plastic granulator is the extruder system mall quotation

as of 15:00, the price of individual brands of LLDPE in China plastic spot increased by 100 yuan/ton, and the lowest price of ll0220kj/Shanghai Secco was 9900 yuan/ton

v. future forecast

it is difficult to see the optimistic situation in the peripheral environment. According to the data released by HSBC on the 21st, the initial value of China's Manufacturing Purchasing Managers' index (PMI) in June was 48.1, the lowest in seven months. The initial value of the manufacturing output index was 49.1, the lowest in three months. Manufacturing activity continued to slow down in June, although the extent of the slowdown tended to moderate. Due to weak external demand, export growth may continue to fall. The market trading atmosphere continued to be weak. Most merchants have a stable mentality and actively ship goods according to the market. The terminal demand is weak, and it is still mainly on the sidelines. The enthusiasm for procurement is low, and the firm offer transaction is cold. It is expected that the short-term market of polyethylene market will remain volatile

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