Analysis on the price of plastic raw material HDPE

On January 25, the price analysis of plastic raw material HDPE

I. brief introduction of the market

part of the market rose. With the sharp rise of international crude oil and the shortage of goods in the field, traders were calm and took the opportunity to raise their quotations and test the deal. However, the reaction of downstream factories was relatively negative, the strength of receiving goods was insufficient, and the transaction was still flat

the pressure to control the VOC of vehicle enterprises to meet legal standards is becoming more and more urgent

II. Brief introduction to the upstream market

crude oil futures prices rose on Friday. The reason for the error in the test results of the universal testing machine for light and low sulfur crude oil delivered in March on the New York Mercantile Exchange is that the settlement price of what goods rose by $2.66 to $32.19/barrel, or 9%. The settlement price of Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, rose $2.93, or 10%, to $32.18 a barrel

on Friday (January 22), the market price of ethylene in Asia fell, and the price of CFR Northeast Asia fell by $15 to close at 959 5 dollars/ton; CFR Southeast Asia prices fell $15 to close at 969 5 dollars/ton

III. all regions and cities 18. Output results market quotation

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 is messy. In addition, the terminal factories have been closed for holidays in succession, and the on-site transactions are sporadic. The traders' offers fluctuate in a narrow range

PE price in Xi'an market is on the high side. Linear futures opened higher and weakened, and the market trading atmosphere was still flat. Traders offered according to the market, which was generally out of stock and offered less. The terminal demand is poor, and the downstream manufacturers choose to prepare goods carefully due to the weak market, and the firm offer transaction is limited

the PE market in Linyi is generally popular, the mainstream market offers are sorted out, the market trading atmosphere is general, and the merchants are cautious. Some merchants said they plan to have a holiday this weekend

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was increased, with 8920 (Dushanzi Petrochemical) rising by 100 yuan to 8300 yuan/ton, 6097 (Daqing Petrochemical) to 8600 yuan/ton, and 2911 (Fushun Petrochemical) rising by 100 yuan to 8400 yuan/ton

the pricing of HDPE in CNPC northeast increased, 8008 (Daqing Petrochemical) increased by 100 yuan to 8300 yuan/ton, gc100s (Jilin Petrochemical) increased by 100 yuan to 8800 yuan/ton, and 2911 (Fushun Petrochemical) increased by 100 yuan to 8100 yuan/ton

the listing price of HDPE in North China of CNPC increased, 6095 (Dushanzi Petrochemical) increased by 100 yuan to 8600 yuan/ton, 6097 (Daqing Petrochemical) increased by 100 yuan to 8700 yuan/ton, and 9455f1 (Sichuan Petrochemical) increased by 100 yuan to 8600 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot fell by yuan/ton, of which 5502/South Korea Dalin was at least 10200 yuan/ton (down 50), and bl3/Iran Petrochemical was at least 8500 yuan/ton (down 300)

v. future forecast

the current mainstream market pattern has not changed significantly. On the one hand, the upstream trend fluctuates, and the mentality of businesses is suppressed. On the other hand, due to rain and snow and bad weather, the downstream plants operate under reduced load and have a weak ability to consume resources. However, "in recent years, fortunately, petrochemical enterprises can still maintain strong prices, and the market has not fallen deeply. Most traders are on the sidelines. It is expected that the market will be dominated by consolidation in the short term