Near the end of the month, the three polyethylene spot varieties continued the trend, and the difference still existed. On the 27th, the LDPE market still rose locally, with a range of 50-200 yuan / ton. LLDPE and HDPE remained stable, but the trend of HDPE was still weak.
According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8383.33 yuan / ton on July 25 and 8383.33 yuan / ton on July 26. During this period, the price remained stable, with an overall increase of 1.00% compared with July 1.
According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 10500.00 yuan / ton on July 25 and 10575.00 yuan / ton on July 26. During this period, the price increased by 0.71%, and the overall price increased by 3.45% compared with July 1.
According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9133.33 yuan / ton on July 25 and 9133.33 yuan / ton on July 26. During this period, the price remained stable, with an overall decrease of 0.72% compared with July 1.
In July, the overall trend of the three polyethylene spot varieties was different, with ups and downs. LLDPE and LDPE in East China have risen since July, while HDPE has mainly fallen below. Near the end of the month, LDPE is still the main actor, and HDPE is vulnerable and difficult to change. On the 26th, the ex factory price of petrochemical rose and fell, the high-pressure market increased steadily, and the cost support remained. However, traders have a general mentality, most of the quotations are downward, the downstream currently maintains taking goods on demand, and the overall enthusiasm for entering the market is not high.
In the upstream ethylene market, the external ethylene market has shown an overall upward trend recently. The price of ethylene in Asia is stable. As of the 22nd, CFR Northeast Asia closed at USD 1001-1011 / ton and CFR Southeast Asia closed at USD 966-976 / ton. The price center of ethylene market in Europe moved upward. As of the 22nd, FD northwest Europe closed at US $1160-1170 / ton and CIF northwest Europe closed at US $1063-1071 / ton. The price of ethylene in the United States is stable. As of the 22nd, the price is US $1045-1062 / T. recently, the external ethylene market fluctuated and rose. The increase of ethylene in the United States in the early stage is relatively large and stable in the near future. Generally speaking, the overall ethylene external market demand is good recently, the purchasing atmosphere is active, the transaction is good, and the center of gravity of ethylene market moves upward.
On July 26, the opening price of polyethylene futures 2109 was 8315, the highest price was 8335, the lowest price was 8160, the closing price was 8165, the former settlement price was 8345, the settlement price was 8240, down 180, down 2.16%, the trading volume was 424648, the position was 306683, and the daily position was increased by – 3926（ Quotation unit: yuan / ton)
At present, Liansu futures market is opening lower and lower, petrochemical prices rise and fall differently, and the positive support of the market is limited. In terms of demand, it is expected that there will be a slight increase in the later stage of agricultural film, the operating rate of pipes will decrease significantly, and the overall demand will not change much. The enthusiasm of downstream market entry is weaker than that in the early stage. Multidimensional holds to make up on demand, continues the negotiation mode, the merchant’s mentality is general, and most quotations are downward. It is expected that the PE spot market will remain sideways in the short term, dominated by shocks, and more attention needs to be paid to the changes of plastic futures.