Near the end of the month, PE spot market as a whole is dominated by weakness, and the three major varieties are stable and falling. Due to the tight supply of goods in the linear market in East China, the high-voltage and low-voltage markets fell slightly, with the range of 50-200 yuan / ton. The lower reaches of the market bearish sentiment is obvious, the enthusiasm of entering the market is general, and the market transaction atmosphere is relatively light.
According to the data monitoring of the business agency, the average ex factory price of LDPE (2426h) in East China was 10600.00 yuan / ton on October 19 and 10487.50 yuan / ton on October 26, a decrease of 1.06% in the week and an increase of 24.85% over the same period of last year.
According to the data of the business agency, the average ex factory price of LLDPE (7042) in East China was 7550.00 yuan / ton on October 19 and 7550.00 yuan / ton on October 26, which was the same as last Monday and increased by 0.44% compared with the same period last year.
According to the data monitoring of the business agency, the average ex factory price of HDPE (5000S) in East China was 8500.00 yuan / ton on October 19 and 8400.00 yuan / ton on October 26, a decrease of 1.18% in the week and an increase of 1.00% over the same period of last year.
Regional variety manufacturers rose and fell from October 19 to October 26
East China LLDPE 7042 Jilin Petrochemical Company 7550 yuan / ton 7550 yuan / ton
East China LLDPE 7042 Daqing Petrochemical Company 7550 yuan / ton 7550 yuan / ton
East China LLDPE 7042 Dushanzi Petrochemical Company: 7550 yuan / ton: 7550 yuan / ton
East China LDPE 2426h Daqing Petrochemical Company 10600 yuan / ton 10500 yuan / ton – 100 yuan
East China LDPE 2426h Lanzhou Petrochemical Company 10600 yuan / ton 10500 yuan / ton – 100 yuan
East China HDPE 5000S Daqing Petrochemical Company 8500 yuan / ton 8400 yuan / ton – 100 yuan
East China HDPE 5000S Lanzhou Petrochemical Company 8500 yuan / ton 8400 yuan / ton – 100 yuan
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It can be seen from the above trend chart that near the end of the month, the polyethylene market is mainly weak, among which LLDPE prices are relatively firm due to the tight supply of goods in the market, and the horizontal market is mainly stable. However, LDPE and HDPE decreased to varying degrees, with a decrease of about 50-200 yuan / ton. Plastic futures shock down, pressure on the spot market mentality, and the international market, crude oil fell to the market bad. Petrochemical enterprises have steadily lowered the ex factory prices, and the lower reaches have insufficient confidence in the future market, and the enthusiasm for entering the market turns weak. The atmosphere of market transaction is light, and traders mainly sell goods with profits, and the market center of gravity moves down.
In terms of demand, the current operating rate of downstream agricultural film and packaging film has increased compared with the previous period, and the increase of market demand has supported the market. On the supply side, the market supply decreased during the week, the two oil inventories decreased month on month, and port inventory increased month on month.
During the week, the futures market mainly fell to support the spot market
On October 26, the opening price of polyethylene futures 2101 was 7195, the highest price was 7245, the lowest price was 7130, the closing price was 7240, the previous settlement price was 7215, the settlement price was 7195, up 25, up 0.35%, the trading volume was 262829, the position was 269502, and the daily increase was 4255. (unit: yuan / ton)
Upstream, the recent external ethylene market overall showed a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $805-815 / T and CFR Southeast Asia closing at $770-780 / T as of the 26th. The European ethylene market price fell slightly. As of the 26th, the European ethylene market price was FD, which closed at 706-719 US dollars / ton in northwest Europe and 697-706 dollars / ton in CIF northwest Europe. The price of ethylene in the United States dropped to 490-502 US dollars / ton as of the 26th. In the end of October, the market of ethylene in Europe and America decreased slightly. Generally speaking, the demand of the whole ethylene market was poor, and the market continued to decline. The decline of upstream ethylene market brings certain negative effects to polyethylene market.
At present, the operating rate of downstream agricultural film and packaging film enterprises continues to rise, and the demand side is still expected to improve, bringing certain support to the market. Futures shock down the spot market mentality. With the end of October, it is necessary to pay attention to the commissioning progress of new devices in the market in November. Overall, the polyethylene market is still likely to weaken in a narrow range in the short term.
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