Analysis on the price of plastic raw material HDPE

On January 18, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market is stable and small. Crude oil fell overnight, while PetroChina East China continued to fall, dampening the market trading atmosphere. Some businesses fell slightly, and the terminal demand was weak, dominated by solid transaction negotiations

II. Overview of the upstream market

international crude oil fell on Friday. The settlement price of WTI light and low sulfur crude oil futures for February delivery on the New York Mercantile Exchange (NYMEX) fell $1.78, or 5.7%, to $29.42 a barrel. The settlement price of March Brent crude oil futures on the London Intercontinental Exchange (ice) fell $1.94, or 6.3%, to $28.94 a barrel

on Friday (January 15), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 994 5 dollars/ton; CFR Southeast Asia price holds automatic shutdown protection; Stable at 1004 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

PE prices in Hangzhou market partially weakened. Petrochemical enterprises lowered their prices until they passed the conditioning. At the beginning of the week, the market trading was light, and merchants followed a slight decline. The downstream demand is general, and the transaction focuses on negotiation

PE prices in Xiamen market declined slightly. Petrochemical enterprises continue to reduce the ex factory price, and the merchants are pessimistic, so they follow the decline and ship goods. The terminal demand is general, and the purchase is mainly on demand

the PE price in Nanjing market is temporarily stable, and the linear futures open low and go up, which supports the market. In addition, the market supply is tight, and traders offer stable prices. Downstream companies purchase according to orders, and use as they are purchased. Transactions are mainly small orders

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was reduced, with 8920 (Dushanzi Petrochemical) reported 8100 yuan/ton, 2911 (Fushun Petrochemical) reported 8200 yuan/ton, and 6097 (Daqing Petrochemical) fell 100 yuan to 8500 yuan/ton

the listing price of HDPE in PetroChina Southwest fell, with 5000S (Lanzhou Petrochemical) falling 100 yuan to 9100 yuan/ton, 2911 (Fushun Petrochemical) to 8400 yuan/ton, and 5000S (Daqing Petrochemical) falling 100 yuan to 9150 yuan/ton

the individual listing prices of HDPE in North China of CNPC decreased, with 5420 (Dushanzi Petrochemical) falling by 100 yuan to 9100 yuan/ton, 6097 (Daqing Petrochemical) to 8600 yuan/ton, and 9455f1 (Sichuan Petrochemical) to 8500 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of China Plastics Co., Ltd. was mixed. The hardness response was measured to check whether the product quality was qualified, and the range was between yuan/ton. Among them, the detector 2911/Fushun ethylene, which can identify the quality of data under dynamic load, was at least 8500 yuan/ton (up 100), 6098/Qilu Petrochemical was at least 9300 yuan/ton (down 50), Dmda-8920/Dushanzi Petrochemical lowest reported 8450 yuan/ton (up 50)

v. future forecast

some petrochemicals continue to reduce their ex factory prices, market trading is light, and traders follow the decline. The terminal demand is not followed up enough, and the transaction just needs to be dominated. It is expected that the PE market will continue to be weak in the near future