Polyethylene Status

Today, most of the PE market prices rose, with the linear part of North China up 50-100 yuan / ton, the high-pressure part up 50-100 yuan / ton, the low-pressure membrane material, wire drawing, injection molding and hollow part up 50 yuan / ton; the linear and high-pressure part of East China up 50 yuan / ton, the low-pressure injection molding, wire drawing, membrane material and medium air part up 50 yuan / ton; the linear and high-pressure part of South China up 50-100 yuan / ton, the low-pressure wire drawing, injection molding and hollow part up 50 yuan / ton The raw material and hollow part increased by 50 yuan / ton, and the injection part increased by 50-100 yuan / ton. Linear futures opened higher, some petrochemical companies transferred out the factory price, the offer of commodity holders was supported by small rise, some terminal factories began to have a holiday, the receiving of goods was limited, and the firm price focused on negotiation. The mainstream price of domestic LLDPE is 7900-8200 yuan / ton.

Forecast: at present, the inventory of the two oil companies is relatively low, and there is no sales pressure for petrochemical enterprises. The linear futures will continue to fluctuate, giving a boost to the spot market. Besides, the ex factory price of petrochemical is mainly stable, with individual increases. Some traders will report slightly higher with support. However, near the end of the year, the terminal demand is weakening, the market turnover is light, the purchasing enthusiasm is low, and the rigid demand is the main solid offer negotiation. Zhuo Chuang predicted that next week, the domestic PE market will focus on a small consolidation, and the mainstream price of LLDPE is expected to be 7900-8200 yuan / ton.