Analysis of HDPE price of plastic raw materials on

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April 17 analysis of the price of plastic raw material HDPE

when the test piece is torn off

I. brief description of the market

pe market atmosphere is light, and the market consolidation is the main thing. International crude oil and monomer rose, providing support for the current market. Downstream factories have limited purchasing enthusiasm, weak receiving capacity, and slow follow-up of effective transactions. Traders do not hope for the future market. They mostly follow the market and wait-and-see operations

II. Overview of upstream market

on Thursday, crude oil futures rose to a high point this year. The settlement price of light and low sulfur crude oil futures delivered in May on the New York Mercantile Exchange rose by 32 US dollars, or 0.6%, to $56.71 a barrel when the spring testing machine was in operation. The settlement price of June Brent crude oil futures, the global benchmark of the London Intercontinental Exchange (ice), rose by 66 cents, or 1%, to $63.98 a barrel

on Thursday (April 16), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1389 5 dollars/ton; CFR Southeast Asia prices remained stable at 1419 5 dollars/ton

III. local market conditions

market quotation is stable and small. The demand continues to be flat, and the firm offer is a single deal

the PE price in Wuhan market is mainly sorted out, and the market transaction is general. Petrochemical prices are mostly stable, the linear futures market fluctuates higher, many merchants ship with the market, the downstream cautious wait-and-see attitude is not reduced, the intention to cover positions is poor, and the transaction is more negotiated

PE prices in Panjin market were consolidated and the market trading was cautious. The ex factory price of CNPC northeast is stable, and merchants ship goods according to the market. The terminal inquiry is cautious, and the transaction is just needed

Xiongxian PE market quotation is mainly sorted out, and the market transaction is general. Most merchants ship goods according to the market, the downstream cautious wait-and-see attitude is not reduced, the purchase enthusiasm is not high, and the firm offer transaction is more negotiated

IV. the latest quotation

1 Petrochemicals quotation

PetroChina East China HDPE pricing is stable, with 6097 (Daqing) at 10300 yuan/ton, 2911 (Fushun) at 10600 yuan/ton, and 6070 (Dushanzi) at 10500 yuan/ton

PetroChina South China HDPE individual pricing increases, 6097 (Daqing) rose 100 yuan to 10500 yuan/ton, 9455f1 (Sichuan) rose 100 yuan to 10400 yuan/ton, 8008 (Dushanzi) to 11800 yuan/ton

the listing price of CNPC North China HDPE is stable, with 60550 (Lanzhou) at 10650 yuan/ton, 2911 (Fushun) at 10600 yuan/ton, and 8008 (Dushanzi) at 11600 yuan/ton

2. This experimental machine independently completes the setting of experimental parameters, the control of experimental process, data collection, disposal, analysis and display of mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of China Plastics has been mixed, with a range of yuan/ton, of which 5502bn/Saudi Arabia has a minimum of 10700 yuan/ton (down 150), 9001/Taiwan plastic has a minimum of 10600 yuan/ton (down 100), bl3/Iran Petrochemical has a minimum of 9800 yuan/ton (down 50), Fhc7260/Fushun Petrochemical lowest reported 11800 yuan/ton (up 600), hd5502s/Wuhan Petrochemical lowest reported 10600 yuan/ton (down 200), hhmtr480at/Shanghai Jinfei lowest reported 12850 yuan/ton (up 850)

v. future forecast

the downstream factories are in a strong wait-and-see mood. The manufacturer recently announced that the availability of peba2301 with some plastic machines has not made progress, and the demand continues to be flat. Fortunately, the good trend of international crude oil and monomer has formed a certain support for the market, traders' mentality is unstable, confidence in the future market is lost, and there are local profit making promotion measures. It is expected that the market may be consolidated in the short term

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