In the middle and late August (8.12-24), the three varieties of PE in the spot market showed different ups and downs. LDPE and HDPE in East China showed a trend of first stabilization and then pull up, while LLDPE in East China showed a trend of first falling and then callback. Although the range was not large, it deviated from the trend of the other two varieties. Among them, the increase of high-pressure LDPE was the most obvious, with the overall increase of 3.94% in the middle and late August. Lower PE market, but the overall stock market is still stable.
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According to the data of business agency, the average ex factory price of LLDPE (7042) in East China was 7233.33 yuan / ton on August 12 and 7200.00 yuan / ton on August 24, with a decrease of 0.46% and an increase of 0.47% compared with August 1.
The average ex factory price of LDPE (2426h) in East China was 8875.00 yuan / ton on August 12 and 9225.00 yuan / ton on August 24, with an increase of 3.94% during the period and 6.80% higher than that on August 1.
The average ex factory price of HDPE (5000S) in East China was 8200.00 yuan / ton on August 12 and 8300.00 yuan / ton on August 24, with an increase of 1.22% and 2.47% over August 1.
Regional varieties and manufacturers rose and fell from August 12 to August 24
East China LLDPE 7042 Jilin Petrochemical 7250 yuan / T 7200 yuan / T – 50 yuan
East China LLDPE 7042 Daqing Petrochemical Company 7250 yuan / T 7200 yuan / T – 50 yuan
East China LLDPE 7042 Dushanzi Petrochemical Co., Ltd. 7250 yuan / ton – 7200 yuan / ton – 50 yuan
East China LDPE 2426h Daqing Petrochemical 8850 yuan / T 9250 yuan / ton + 400 yuan
East China LDPE 2426h Lanzhou Petrochemical Company 8850 yuan / ton 9250 yuan / ton + 400 yuan
East China HDPE 5000S Daqing Petrochemical 8200 yuan / ton 8300 yuan / ton + 100 yuan
East China HDPE 5000S Lanzhou Petrochemical 8200 yuan / ton 8300 yuan / ton + 100 yuan
PE spot market in mid late August
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In the middle and late August, PE is mainly up, except for linear weak consolidation, high and low pressure are up, ranging from 100 to 400 yuan / ton. Since the middle and late August, three new units have been put into operation, and the number of petrochemical maintenance units has gradually decreased, and the market supply has increased. However, due to the relatively low level of petrochemical inventory of two barrels of oil and the recent low level of polyolefin inventory in major domestic ports, the attitude of price support is obvious, and petrochemicals has successively raised the ex factory price to boost the market mentality. Due to high pressure supply in short supply, so the increase is higher than other varieties. During this period, the high level of international crude oil shocks also brought some support to the market. After the main region raised the price, the merchants followed up the offer to ship, and the market transaction atmosphere was stable.
Liansu futures market shock higher to the spot to bring some support
Upstream ethylene external market continued to fall
The decline of raw materials has limited support for PE market. In the near future, ethylene has shown a downward trend as a whole. Asian ethylene market prices fell, with CFR Northeast Asia closing at $725-735 per ton and CFR Southeast Asia closing at $665-675 per ton as of the 17th. The price of European ethylene market fell. As of the 17th, the European ethylene market price was FD, which closed at 690-697 US dollars / ton in northwest Europe and 683-691 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States fluctuated and consolidated. As of the 17th, the price was 387-405 US dollars / ton. Generally speaking, the ethylene market in Europe and America is in a downward trend, the demand of the whole ethylene market is poor, and the trading atmosphere is cold and clear.
PE market after the market or strong
At present, the operating rate of agricultural film has increased, the demand for greenhouse film is increasing slowly, the demand for plastic film is mainly shut down in the off-season, and the downstream demand is still expected to rise. At present, the international crude oil trend remains high-temperature shock, which is relatively limited to the market. The linear futures fluctuate and rise, bringing certain support to the market. Although there are plans to put new units into operation in the middle and late August, with the completion of petrochemical plant maintenance, the market supply is expected to rise, but in the short term, the supply pressure is not big. PE market is expected to be strong in the short term.
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