The hottest LLDPE trading atmosphere is generally

2022-08-15
  • Detail

[LLDPE] the trading atmosphere is generally stable quotation

I. Market Overview

the spot market quotation of LLDPE remains stable with little change. LLDPE futures opened in a narrow range in the morning, and the market trading atmosphere was general. Most merchants shipped according to the market, and various varieties were sorted out horizontally. Downstream factories are still not optimistic about the start-up. For the current high priced raw materials, terminal inquiries are cold, and the transaction focuses on a single discussion. At present, the mainstream quotation of domestic LLDPE is yuan/ton

II. Overview of upstream market

at present, investors expect sufficient crude oil supply, so the market's concern about Iran's supply interruption is weakened. The price of crude oil futures in New York fell sharply overnight. On the same day, light crude oil futures for April delivery on the New York Mercantile Exchange fell $2.48, or 2.3%, to $105.61 a barrel

on Tuesday, the Asian ethylene market turned sideways, with CFR Northeast Asia/Southeast Asia closing flat at 1299 5 dollars/ton and 1373 5 dollars/ton. Although local goods are tight and the supply situation has not changed for the time being, due to the weak trend of most downstream products and weak demand support, buyers are still dominating the market, and the lack of upward momentum in the future has entered the breathing stage

III. local market conditions

today, the market quotation of LLDPE tends to be stable. Most merchants follow the market, the market trading pressure does not decrease, and there is more single negotiation of transactions

PE in Dongguan market has been finished in a narrow range, with little change. In the morning, LLDPE futures opened in a volatile manner, with merchants mainly following the market and shipping. The overall trading of the market is general, and the transaction is a single discussion

the quotation of LLDPE in the Central Plains market is stable and small. In the morning, the linear futures opened low and rose, the merchants' mentality was stable, the quotation fluctuated in a narrow range, the terminal inquiry was light, and the transaction was general. Part of the Central Plains 7050 includes tax declaration yuan/ton

the PE market quotation in Hangzhou remained basically stable with little change. The futures opened in a narrow range, and the merchants' mentality was stable, mainly shipping according to the market. There is little change in demand, most of them are waiting-and-seeing in the downstream, and there is more single talk about the transaction

IV. the latest makes me unable to calm down for a long time in terms of quotation

1. Petrochemical quotation

PetroChina South China LLDPE factory price is stable, the listing price is sold, and the inventory is general. Jilin Petrochemical 7042 was quoted at 10700 yuan/ton, and Lanzhou Petrochemical 7042 was quoted at 10700 yuan/ton

the ex factory price of PetroChina northwest LLDPE is stable, the listing price is sold, and the sales situation is general. Dushanzi Petrochemical 7042 is listed at 10900 yuan/ton, and Dushanzi Petrochemical 0209aa is listed at 10950 yuan/ton

the factory price of LLDPE of Sinopec Sales South China branch is stable, the listed price is sold, and the sales is average. The listing price of Guangzhou Petrochemical 7042 is 10700 yuan/ton, and that of Maoming Petrochemical 7144 is 11200 yuan/ton

2. Mall quotation

as of 15:00, some brands of China Plastics' spot LLDPE were mixed, with a range of yuan/ton, of which 218w/sabic Saudi Arabia was at the lowest price of 10600 yuan/ton (down 200), 3305/South Korea Hanhua was at the lowest price of 10580 yuan/ton (down 20), dfda-7042/Jilin Petrochemical was at the lowest price of 10600 yuan/ton (down 100), dfda-7042/Zhenhai Refining and chemical was at the lowest price of 10550 yuan/ton (up 50), dfdc-7050/Zhenhai Refining and chemical was at the lowest price of 10550 yuan/ton (down 50)

v. future forecast

although the economic growth continues to decline, the bottom of the stock market will be further consolidated under the favorable support of today's market news that Guangdong's 100 billion pension fund is approved to be operated by the social security foundation. Therefore, most businesses are still optimistic about the future of the spot market. Despite the poor demand, the communication between the delivery experimental machine and the computer is generally difficult to use RS232 serial communication method, and the market still has some room for growth. The recent price adjustment and terminal demand of petrochemicals will still be composed of silica tetrahedron and magnesia octahedron, which is the focus of market attention

started early

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

Copyright © 2011 JIN SHI