Analysis on the price of plastic raw material HDPE

On December 15, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market fell slightly in some parts. Linear futures opened higher and went higher, but some petrochemicals lowered their prices. The market trading atmosphere was general, and merchants were more cautious. The follow-up of terminal demand is slow, and the firm offer transaction is not good

II. Brief introduction to the upstream market

crude oil futures prices rose and fell on Monday. The settlement price of WTI light and low sulfur crude oil futures in January on the New York Mercantile Exchange (NYMEX) rose 69 cents to $36.31 a barrel, or 1.9%. Brent crude oil futures fell 1 cent to $37.92 a barrel

on Monday (December 14), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1064 5 dollars/ton; CFR Southeast Asia prices remained stable at 1079 5 dollars/ton

III. local market conditions

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

Shanghai PE market is dominated by consolidation, futures are high, but the spot is driven by limited, the overall market trading is weak, the offer is stable, but there is a lack of transaction cooperation, and the firm offer focuses on negotiation

PE market prices in Xinjiang fluctuated in a narrow range. There is not much market news in the morning. Terminals are purchased on demand, and traders are mainly active in shipping

PE prices fluctuated in a narrow range in Ningbo. Affected by the policy support of some petrochemical enterprises and countries for new energy vehicles and the news of price reduction in the financial subsidy industry, the businessmen are pessimistic, and most of them say that there is still room for negotiation in the transaction

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was reduced, 8920 (Dushanzi Petrochemical) fell 100 yuan to 8000 yuan/ton, 2911 (Fushun Petrochemical) fell 100 yuan to 8500 yuan/ton, 6097 (Daqing Petrochemical) fell 100 yuan to 8600 yuan/ton

CNPC North China HDPE pricing is stable, 8008 (Dushanzi Petrochemical) reported 8400 yuan/ton, 7260 (Fushun Petrochemical) reported 8200 yuan/ton to observe the oil level of the hydraulic control box, and 2480 (Daqing Petrochemical) reported 8120 yuan/ton

the listing price of CNPC South China HDPE is stable, with gc100s (Jilin Petrochemical) at 9100 yuan/ton, 2911 (Fushun Petrochemical) at 8600 yuan/ton, and 6097 (Daqing Petrochemical) at 8700 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of China Plastics has increased by yuan/ton. When designing the oil tank for the tensile testing machine, 7000f/Iran Petrochemical has the lowest price of 9200 yuan/ton (up 50), dmda-8008/Baofeng energy has the lowest price of 8250 yuan/ton (up 50), dmda-8920/Dushanzi Petrochemical has the lowest price of 8400 yuan/ton. Rust, molding sand, oil and other dirt should be carefully removed (up 100) before priming paint, Fhc7260/Fushun Petrochemical reported a minimum of 9000 yuan/ton (up 700)

v. future forecast

the current market is gradually dominated by negative factors. On the one hand, some petrochemical enterprises lowered their ex factory prices, which suppressed the mentality of businesses. On the other hand, the enthusiasm of downstream factories to enter the market is limited, the strength of receiving goods is weak, and the actual transaction is still depressed. Traders' fear of falling was highlighted, and in order to avoid risks, some shipments were made at a profit. It is expected that the market will still face some downward pressure in the short term