The hottest price line of plastic raw material HDP

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Analysis on the price of plastic raw material HDPE on May 4, 2016

I. brief description of the market

pe market performance is poor, and the market is slightly loose. Crude oil fell, futures fell, and factory prices of some manufacturers fell, which affected the market mentality and the market quotation fell accordingly. Affected by this, the market bearish sentiment significantly opened the main motor source of the experimental machine, and traders sold goods at a profit, mainly reducing positions and avoiding risks. However, due to the influence of many factors, the downstream factories have always been difficult to significantly improve their purchasing enthusiasm. Therefore, the demand is mainly ABS (styrene butadiene acrylonitrile polymer) and hips (impact resistant polystyrene) materials, which continue to be in a depressed state

II. Brief introduction to the upstream market

oil prices fell on Tuesday. The settlement price of light and low sulfur crude oil futures for June delivery on the New York Mercantile Exchange fell $1.13 to $43.65 a barrel, down 2.5%. Ice Brent crude oil futures fell 86 cents, or 1.9%, to $44.97 a barrel

on Tuesday (May 3), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1189 5 dollars/ton; CFR Southeast Asia prices remained stable at 1144 5 dollars/ton

III. local market quotation

market quotation part to effectively improve the thermal insulation effectiveness of products, fire safety and expand the utilization of products. The demand continues to be flat, and the firm offer is a single deal

the price of PE in Lanzhou market is weak and narrow, and the futures continue to open low and go low. The carrier said that at present, the customer's mentality of receiving goods is weak. At present, the merchant's offer has not changed much, but most transactions remain negotiated

PE prices in Xinjiang continued to loosen. In the market news game, the factory has little willingness to purchase, and some of them make small profits for shipment

the PE market price in Ningbo is partially loose. Futures were weak, and petrochemicals put pressure on price reduction, and the offer fell

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of HDPE in PetroChina Southwest decreased, 7260 (Fushun Petrochemical) reported 9200 yuan/ton, gc100s (Jilin Petrochemical) fell 200 yuan to 9600 yuan/ton, and 8008 (Sichuan Petrochemical) reported 9200 yuan/ton

the listing price of HDPE in South China of CNPC was lowered, with 7750m (Fushun Petrochemical) falling by 50 yuan to 9300 yuan/ton, cross-linked high molecular materials to be used under 5000S (Daqing Petrochemical) falling by 100 yuan to 9700 yuan/ton, and 9455f1 (Sichuan Petrochemical) to 9200 yuan/ton

the pricing of HDPE in PetroChina East China was lowered. Hd4801ex (Dushanzi Petrochemical) fell 100 yuan to 9100 yuan/ton, jhmgc100s (Jilin Petrochemical) fell 100 yuan to 9600 yuan/ton, and dgdb-2480 (Daqing Petrochemical) fell 100 yuan to 9200 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of sinoplastics was mixed, with a range of yuan/ton, of which 52518/Iranian Petrochemical was at least 9200 yuan/ton (down 300), fhc7260/Fushun Petrochemical was at least 10000 yuan/ton (down 300), t5070/Huajin Chemical was at least 10700 yuan/ton (up 200)

v. aftermarket forecast

downstream factories are not enthusiastic about purchasing. They maintain purchasing on demand and wait-and-see aftermarket. Combined with the depression of crude oil and PP futures at the beginning of the month, the overall atmosphere of the market is slightly dull, and it is common for traders to sell goods at a small margin. It is expected that if there is no strong news to boost in the short term, the PP market may also fluctuate slightly in the consolidation

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