Hottest November 18 plastic raw material LLDPE pri

2022-08-23
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On November 18, another market analysis of plastic raw material LLDPE price

I. brief introduction of the market

the market price continued to decline, falling by about 50 yuan/ton. After the high opening of linear futures, it fell violently, and most petrochemicals still focused on price reduction. Many negative factors led to the low trading atmosphere in the market, and businesses continued to follow the decline. However, the enthusiasm for receiving goods in the downstream is weak, so it is cautious to wait and see, and most of them are purchased on demand

II. Overview of upstream market

on Tuesday, U.S. crude oil futures fell, and the settlement price of light and low sulfur crude oil futures for December delivery on the New York Mercantile Exchange fell $1.07, or 2.6%, to $40.67/barrel. London Intercontinental Exchange (ice) global benchmark Brent crude oil futures settlement price fell 99 cents to $43.57/barrel, down 2.2%

on Tuesday (November 17), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1039 5 dollars/ton; CFR Southeast Asia prices remained stable at 1064 5 dollars/ton

III. local market prices

market quotations have weakened. The demand continues to be flat, and the firm offer is a single deal

PE prices in Changsha market have slightly loosened. Linear futures opened high, fluctuated downward, and the market lacked effective information guidance. Merchants watched carefully and shipped according to the market. The downstream demand gradually weakened, and the transaction focused on negotiation

will affect the performance and service life of the whole machine

Changzhou market (1) synthesis of expandable resin (see Figure 1) PE price weak finishing. Linear futures opened high, fluctuated downward, petrochemical prices were temporarily stable, the market trading atmosphere could not afford to boost, and merchants mostly waited and saw the offer. The downstream demand gradually weakened, and the firm offer was negotiated

PE prices in Zhengzhou market remained stable. Linear futures opened higher and fell, merchants' inquiries were mediocre, and traders offered to make profits according to the market. How should electronic universal testing machine choose fixtures. However, the terminal demand has weakened, the downstream manufacturers have limited access to goods, the firm offer transaction is not good, and the negotiation is still not dominant

IV. in terms of the latest quotation, the listing price of PetroChina South China LLDPE was reduced, with 7042 (Fushun Petrochemical) falling 50 yuan to 8700 yuan/ton, 7042h (Lanzhou Petrochemical) falling 8750 yuan/ton, and 7042 (Sichuan Petrochemical) falling 100 yuan to 8500 yuan/ton

the pricing of PetroChina East China LLDPE is stable, with 7042n (Daqing) at 8700 yuan/ton, 7042 (Fushun) at 8700 yuan/ton, and 7042 (Jilin Petrochemical) at 8750 yuan/ton

the listing price of PetroChina northwest LLDPE was stable, with 7042 (Lanzhou Petrochemical) reported 8600 yuan/ton and 7042n (Lanzhou Petrochemical) reported 8600 yuan/ton

v. future market forecast

recently, petrochemicals have mostly adopted price reduction and promotion strategies. In addition, the downstream demand is light, the overall delivery speed is slow, and the market transaction is difficult. Businesses are more willing to make profits and seek delivery. It is expected that, without the support of positive factors, the market will continue to be weak in the near future, and pay close attention to the changes in petrochemical price policies and supply and demand fundamentals

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