The hottest price line of plastic raw material HDP

2022-08-24
  • Detail

On June 2, 2016, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market rose slightly, and the transaction did not improve. Affected by the rising ex warehouse prices of some petrochemicals, the market prices rose slightly, but the overall market atmosphere did not improve significantly. The downstream demand is still sluggish, and traders operate cautiously with export and import orders. The overall transaction is light, and the pattern of trading deadlock is difficult to break

II. Overview of the upstream market

oil prices fell on Wednesday, and the settlement price of U.S. crude oil futures for July delivery on the New York Mercantile Exchange fell 0.2% to $49.01/barrel. Brent crude oil futures, the global benchmark on the European ICE Futures Exchange, fell 0.2% to $49.72 a barrel

on Wednesday (June 1), the market price of ethylene in Asia fell partially, and the price of CFR Northeast Asia fell by $10 to close at 1079 5 dollars/ton; CFR Southeast Asia prices remained stable at 1064 5 dollars/ton

III. local market conditions

market quotation of scientific research institutions has stabilized. The demand continues to be flat, and the firm offer is a single deal

the price of PE in Dongguan market is mainly sorted out, the futures intraday fluctuation is downward, the merchants' mentality is cautious, the terminal receiving maintains negotiation, and the effective trading is general

the PE price in Guangzhou market fluctuated in a narrow range, with a range of 50 yuan/ton. Petrochemical enterprises raise some ex factory prices, and merchants offer according to the market. The terminal inquiry is general, and the transaction is mainly negotiation

PE prices in Qingdao market rose slightly; However, due to limited terminal demand, the increase is mostly around 50 yuan/ton

to achieve low-cost, high-performance carbon fiber production

IV. in terms of the latest quotation

1. PetroChina South China HDPE part of the price increase, 8008 (Dushanzi Petrochemical) increased by 50 yuan to 9050 yuan/ton, 2911 (Fushun Petrochemical) increased by 50 yuan to 9150 yuan/ton, which will undoubtedly enhance the utilization of 3D printing prototypes and components in the aerospace field, 6097 (Daqing Petrochemical) reported 9000 yuan/ton

the individual listing price of PetroChina Southwest HDPE fell, 5420 (Dushanzi Petrochemical) fell by 100 yuan to report another case of 8900 yuan/ton, 5000S (Daqing Petrochemical) reported 9550 yuan/ton, and 2911 (Fushun Petrochemical) reported 9300 yuan/ton

the listing price of HDPE in North China of CNPC increased, 5502xa (Dushanzi Petrochemical) increased by 100 yuan to 9400 yuan/ton, 2911 (Fushun Petrochemical) to 9000 yuan/ton, and 5000S (Daqing Petrochemical) increased by 100 yuan to 9600 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 52518/Iranian Petrochemical lowest reported 8750 yuan/ton (down 850), bl3/Iranian Petrochemical lowest reported 9200 yuan/ton (down 300), ex5/Iranian Petrochemical lowest reported 9000 yuan/ton (down 100), t5070/Huajin Chemical lowest reported 9700 yuan/ton (down 100)

v. future forecast

the ex factory prices of some petrochemicals increased at the beginning of the month, and the market supply was limited, which boosted the mentality of businesses to a certain extent. However, the market transaction situation is not optimistic. Downstream factories are more cautious about the current spot price, and it is difficult for the market to have large-scale transactions to support the existing price. It is expected that the short-term market may also maintain a consolidation trend

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