Hottest price of plastic raw material HDPE on June

2022-08-14
  • Detail

On June 12, 2016, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market stalemate. After the festival, there are not many information guidelines from all parties for the time being. The merchants are generally enthusiastic about shipping, and the downstream receiving is more cautious. The overall trading atmosphere of the market is mainly light

II. Overview of upstream market

crude oil futures fell on Friday. The settlement price of WTI light and low sulfur crude oil futures in July on the New York Mercantile Exchange (NYMEX) fell $1.49 to $49.07 a barrel, or 2.9%. The settlement price of Brent crude oil futures in August on the London Intercontinental Exchange (ice) fell $1.41 to $50.54 a barrel, or 2.7%

on Friday (June 10), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1044 5 dollars/ton; CFR Southeast Asia prices remained stable at 1044 5 dollars/ton

III. local market prices

market quotations have stabilized. The demand continues to be flat, and the firm offer is a single deal

the PE offer in Lanzhou market has not changed much. The carrier ships at a stable price, and the end customer continues to replenish goods on demand. The intention of receiving goods is generally from the pipe pressure tester. The transaction is maintained and negotiated.

the PE price in Changsha market is mainly stable. After the festival, the market trading enthusiasm is not high, and most merchants offer according to the market. The terminal demand is flat, mainly on-demand procurement

the PE market in Shanghai is partially higher, the holiday returns, the market quotation is not much, the merchants report high to test the market, the factory makes market inquiries, and the transaction atmosphere is general

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of HDPE in South China of CNPC increased, 8920 (Dushanzi Petrochemical) increased by 100 yuan to 9100 yuan/ton, 2911 (Fushun Petrochemical) to 9200 yuan/ton, and 5000S (Daqing Petrochemical) increased by 50 yuan to 9600 yuan/ton

the listing price of HDPE in PetroChina Southwest increased, with 5000S (Lanzhou Petrochemical) rising 100 yuan to 9600 yuan/ton, 5000S (Daqing Petrochemical) rising 100 yuan to 9650 yuan/ton, and 2911 (Fushun Petrochemical) rising 9300 yuan/ton

the listing price of CNPC North China HDPE is stable, with 5000S (Daqing Petrochemical) at 9600 yuan/ton, 2911 (Fushun Petrochemical) at 9000 yuan/ton, and 8920 (Dushanzi Petrochemical) at 9000 yuan/ton

2. The quotation of the mall

as of 15:00, the performance measured by different materials can be compared by some brand names of HDPE in China Plastics' spot. The price increases and decreases with each other, ranging from yuan/ton, of which dmda-8008/Dushanzi Petrochemical lowest reported 9250 yuan/ton (down 150), bl3/Iran Petrochemical lowest reported 9500 yuan/ton (up 400), fhc7260/Fushun Petrochemical lowest reported 8750 yuan/ton (down 50), hd5502s/Wuhan Petrochemical lowest reported 9800 yuan/ton (down 100), Hd5502s/Huajin Chemical Industry reported a minimum of 9550 yuan/ton (up 100)

v. future market forecast

some petrochemical prices continue to rise, and some businesses continue to rise with the support of many positive factors such as less goods. However, from the current reality, the production demand of end users and packaging materials each year reaches 67million tons, and the enthusiasm of middlemen to enter the market will not be significantly improved before the trend is not clear. Therefore, it is difficult to improve the situation of sluggish transactions. It is expected that there is little possibility of sharp rise and fall in the market after the festival, and narrow fluctuations are still the mainstream trend

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