Analysis of HDPE price of plastic raw materials on

2022-08-01
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On March 24, the price analysis of plastic raw material HDPE

I. brief introduction to the market

pe market after rising. Due to the lack of demand coordination and the fall of international crude oil and linear futures, the mentality of businessmen has been hit. However, most petrochemical enterprises have been able to avoid cold winter and hot summer, and there is no inventory pressure. Some of them continue to transfer out the factory price to give some support to the market. The offers of traders are mainly sorted out temporarily, and some transactions can be negotiated

II. Brief introduction to the upstream market

crude oil futures fell on Wednesday. WTI light and low sulfur crude oil futures delivered in May on the New York Mercantile Exchange (NYMEX) closed down $1.66 to $39.79 per barrel, down 4%. Ice may Brent crude oil futures fell $1.32 to $40.47 a barrel, down 3.2%

on Wednesday (March 23), the price of ethylene in Asia was stable, and the price of CFR Northeast Asia was stable and closed at 1204 USD 5/ton; CFR Southeast Asia prices held steady at 1159 5 dollars/ton

III. local market conditions

market quotation sorting. The demand continues to be flat, and the firm offer transaction is a single negotiation

weak PE prices in Shantou market. The market news is weak. Due to the high price resistance of downstream factories, some goods are shipped with a small margin of profit, and the margin of profit is mostly yuan/ton

the stress relaxation coefficient of the anchor bolt after 10h of testing in Dongdong is adjusted horizontally by the PE price in Dongguan market. The price of petrochemical enterprises is stable, the mentality of merchants is general, and the accompanying offer is the main. The terminal demand is flat, and the firm offer transaction focuses on negotiation

Shanghai PE market is dominated by the consolidation of offers, and the mainstream trading atmosphere in the market is general. Merchants say that the continuous decline of futures has affected their mentality of entering the market, He said: "although the growth of the automobile industry has slowed down, the atmosphere is weak. The cost support and the loosening of the mainstream prices in the market are limited, but the transaction is focused on negotiation.

IV. the latest quotation

1. The petrochemical quotation

the individual listing prices of PetroChina South China HDPE have increased. 2911 (Fushun Petrochemical) has increased by 100 yuan to 9500 yuan/ton, 8008 (Dushanzi Petrochemical) to 9700 yuan/ton, and 6097 (Daqing Petrochemical) Quote 9400 yuan/ton

individual pricing of CNPC East China HDPE increased, 6097 (Daqing Petrochemical) reported 9400 yuan/ton, 2911 (Fushun Petrochemical) reported 9200 yuan/ton, and 5420 (Dushanzi Petrochemical) increased 100 yuan to 9500 yuan/ton

the pricing of CNPC North China HDPE is stable, with 5000S (Daqing Petrochemical) at 9650 yuan/ton, 2911 (Fushun Petrochemical) at 9200 yuan/ton, and 9455f1 (Sichuan Petrochemical) at 9300 yuan/ton

2. Mall quotation

as of 15:00, the prices of some brands of HDPE in China Plastics' spot were mixed, with a range of yuan/ton, of which hd5502fa/Shanghai Secco was at least 9850 yuan/ton (up 150), 9001/Taiwan plastics was at least 9600 yuan/ton (down 300), 52518/Iranian Petrochemical was at least 8750 yuan/ton (down 50), hhmtr480at/Shanghai Jinfei was at least 11500 yuan/ton (up 500)

v. from the perspective of current market forecast

due to the poor coordination of downstream demand, even in the once active trading atmosphere, the participation of most downstream factories is limited. In addition, the price of raw materials rises too fast, which is bound to inhibit the increase of some demand, resulting in the continued weak market. At present, the maintenance of petrochemical units is carried out in succession, the overall inventory level of the market is low, and some stone manufacturers continue to raise the ex factory price, which supports the market, but the overall influence is relatively limited. It is expected that the polyethylene market will be slightly consolidated in the near future

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