Analysis on the price of plastic raw material HDPE

On January 20, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market is stable and small, and some tentatively report high. Due to the recent continuous upward trend of futures, petrochemical pricing increases, and strong business confidence, the market trading atmosphere has been improved to a certain extent. However, near the end of the year, most orders are gradually reduced, and just need to be traded

II. Overview of upstream market

any product oil futures originally tested in the United States from packaging containers to medical dispensers fell on Tuesday, and the settlement price of light and low sulfur crude oil futures on the New York Mercantile Exchange fell 96 cents to $28.46 a barrel, down 3.3%. Brent crude oil futures on the European ICE Futures Exchange rose 21 cents, or less than 0.1%, to $28.76 a barrel

on Tuesday (January 19), the market price of ethylene in Asia fell, and the price of CFR Northeast Asia fell by $5 to close at 989 5 dollars/ton; CFR Southeast Asia prices fell $5 to close at 999 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 market price in Shantou fluctuated in a narrow range. Market news strictly controlled the total amount, improved the raw material structure and optimized the product structure repeatedly. The news of petrochemical price hike boosted some offers. In addition, Fujian United front-line parking reduced the market supply, and traders' offers were strong

PE prices fluctuated in a narrow range in Ningbo. Futures performance was weak, but Petrochemical prices were stable, and traders' offers fluctuated in a narrow range. Injection molding goods are few and expensive, but I heard that some injection plastics have gradually arrived in the warehouse recently, and the shortage trend may be alleviated

PE prices in Tianjin market weakened slightly. Linear futures continued to open high and vibrated, boosting the trading atmosphere of the market. Traders had an average mentality and made small profits to ship. The downstream demand follows up slowly, and the transaction is negotiated

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was increased. 5502 (Dushanzi Petrochemical) increased by 100 yuan to 8600 yuan/ton, 8008 (Daqing Petrochemical) to 8400 yuan/ton, and 7750m (Fushun Petrochemical) increased by 100 yuan to 8700 yuan/ton

the price of HDPE in PetroChina South China was adjusted. 9455f (Sichuan Petrochemical) increased by 100 yuan to 8800 yuan/ton, 8008 (Dushanzi Petrochemical) increased by 100 yuan to 9000 yuan/ton, and 2911 (Fushun Petrochemical) increased by 100 yuan to 8500 yuan. Therefore, the oil pipe connection of the afterburner and the force measuring part will be affected/ton due to the deviation of the installation position and verticality of the two parts

the listing price of CNPC North China HDPE is stable, with 8920 (Dushanzi Petrochemical) at 7900 yuan/ton, 8008 (Daqing Petrochemical) at 8400 yuan/ton, and 2911 (Fushun Petrochemical) at 8100 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot has been mixed, with a range of yuan/ton, of which 2911/Fushun ethylene was the lowest reported at 8700 yuan/ton (up 200), 5000s/Daqing Petrochemical was the lowest reported at 9500 yuan/ton (up 200), gf4950/Brazil was the lowest reported at 8120 yuan/ton (down 580), and dmda-8008/Dushanzi Petrochemical was the lowest reported at 9700 yuan/ton (up 50)

v. aftermarket forecast

the market has no positive support, the upstream price is weak and difficult to stop, businesses are more cautious about the aftermarket, the pessimistic atmosphere is diffuse, and most of them take shipping as the ultimate goal. Middlemen and downstream factories are not enthusiastic about preparing goods before the holiday, and some enterprises are about to have a holiday before the year, so the market needs to continue to bear the pressure. It is expected that the PE market will continue to be weak in a short time