August 7 Domestic Polyethylene Market Trend Analysis

First, the dynamics of manufacturers On the 8th, the petrochemical price was partially raised. The price of Zhongyuan Petrochemical LLDPE rose: 9050K rose 100 yuan / ton to 10,100 yuan / ton, 9088 rose 100 yuan / ton to 10,100 yuan / ton, 7050 to 10,100 yuan / ton. Tianjin United LLDPE price rise: 9020 rose 150 yuan / ton to 10,200 yuan / ton, 9028 rose 150 yuan / ton to 10,200 yuan / ton, 9085 rose 150 yuan / ton to 10,250 yuan / ton, 1820 rose 350 yuan / ton 10200 RMB/ton, 1875 up 400 yuan/ton to 102,500 yuan/ton, 9086 up 150 yuan/ton to 10,150 yuan/ton, 9004 up 150 yuan/ton to 10,150 yuan/ton, 6010 up 100 yuan/ton to 10,350 yuan/ Tons, 9030 reported 10050 yuan / ton. Qilu Petrochemical LLDPE prices rose: QLLP01 rose 100 yuan / ton to 10,150 yuan / ton, 7042 rose 100 yuan / ton to 10,200 yuan / ton, 7149U reported 10,400 yuan / ton, QLLF30 rose 100 yuan / ton to 10,200 yuan / ton.

Second, the market trend LLDPE



On the 8th, the domestic PE market went up partially and traded cautiously. Overnight crude oil and oil prices continued to rise, and some petrochemicals continued to increase their ex-factory prices. The market’s bullish sentiment grew, merchants’ enthusiasm for shipments was low, downstream demand continued to falter, and factories were resistant to high-priced sources. Mainstream price LDPE yuan / ton, LLDPE yuan / ton.

The Xiamen market rose linearly by 50-100 yuan/ton, and the market sentiment remained sluggish. Fulian 7042 reported 10100-10150 yuan / ton, 7050 reported 10,200 yuan / ton, 218NF reported 10,000 yuan / ton, Thailand 7000F reported 10,850 yuan / ton, Formosa Plastics 8010 reported 11,200 yuan / ton.

Part of the Wuhan PE market price was slightly explored 50-150 yuan / ton, more inquiries, transactions in general. Maoming 2426H reported at 10,400 yuan/ton, Daqing 5000S reported at 11,450-11,500 yuan/ton, 951-050 reported at 10,500 to 10,600 yuan/ton, Zhongyou 7042 reported at 10,300 yuan/ton, Lanhua 2426H reported at 10,400 to 10,450 yuan/ton, 8008 reported. 10500 yuan / ton, 5502 reported 10700-10750 yuan / ton.

Shantou offer is slightly confusing, slightly higher 50-100 yuan / ton, the business mentality is poor, weak confidence in the market outlook, the downstream plant operating rate is low, suppress market sentiment, trading flat. Fulian 7042 reported 9,500 yuan / ton, 218NF non-tax 9500 yuan / ton, 7050 non-tax 9650 yuan / ton, Guangshi 2001 non-tax 9650 yuan / ton, 951-000 non-tax 10,200 yuan / ton, 951-050 without tax 10,700 yuan / ton.

Third, the market outlook predicts that the Asian ethylene market is weak and stable. It has limited support for the cost of the US dollar market. The downstream demand remains weak. The market supply pressure remains. Business analyst Xue Jinlei expects the short-term market to rise weakly and maintain the volatility market.

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