1、 Overall trend
According to the monitoring of the business agency, the overall trend of domestic PE market continued to decline this week, and the overall transaction atmosphere of the market did not improve. As of March 24, the average ex factory price of LLDPE 7042 in East China was 6400 yuan / ton, down 3.52% from the beginning of the week; the average ex factory price of LDPE 2426h in East China was about 7412.5 yuan / ton, down 2.31% from the beginning of the week; the average ex factory price of HDPE 5000S in East China was 6883.33 yuan / ton, down 3.5% from the beginning of the week; the big PE varieties dropped by 50-400 yuan / ton on Wednesday.
| Sulfamic acid 99.50% |
2、 Market analysis
This week, the PE market continued to decline as a whole, with petrochemical continuously reducing the factory price and weakening the market cost support. This week, the plastic futures market fell sharply, which significantly suppressed the market mentality. The shipping of merchants continued to be blocked, with a pessimistic attitude, and the overall decline was reported. Downstream continued to wait-and-see attitude, in addition to part of the factory on-demand replenishment, market inquiries less, the current market atmosphere continues to be weak.
According to the monitoring of the business agency, Liansu overall fell this week by a large margin. On March 27, the opening price of polyethylene futures l2005 was 5795, the highest price was 5820, the lowest price was 5560, the closing price was 5650, the former settlement price was 5890, the settlement price was 5685, down 240, down 4.07%, the volume was 418489, the position was 152270, and the daily position was increased by – 18223. (quotation unit: yuan / ton)
| sulphamic acid |
As of February 27, the total output of domestic polyethylene enterprises was 1.41 million tons, a decrease of 252300 tons compared with January. Among them, the output of HDPE is 578900 tons, LDPE is 206800 tons and LLDPE is 624300 tons.
3、 Future forecast
The trend of international crude oil is weak, and futures fall sharply, which depresses market mentality. In terms of petrochemicals, most of the factory prices have been lowered, and the market cost support has been weakened. At present, the downstream is cautious. In addition to just need to take delivery, the factory mainly focuses on wait-and-see. At present, the petrochemical inventory is at a medium high level, and the sales pressure is still there. It is expected that the weakness will continue in the near future.
| Magnesium Sulphate |