Hottest price of plastic raw material HDPE on Octo

  • Detail

On October 18, 2016, the price analysis of plastic raw material HDPE

I. brief introduction of the market

pe market rose and fell, linear futures opened low and went high, and petrochemical continued to go high, which gave the market some guidance, but terminal procurement was weak, high price resistance was obvious, traders' offer was weak, and narrow range shocks dominated

II. Overview of upstream market

November WTI crude oil futures in the United States closed down $0.41, or 0.81%, at $49.94/barrel on Monday (October 17). Brent crude oil futures for December ended down $0.43, or 0.83%, at $51.52 a barrel on Monday

on Monday (October 17), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1069 5 dollars/ton; CFR Southeast Asia prices remained stable, closing at 1039.5 currently -1041.5 US dollars/ton

III. local market prices

market quotations fluctuated in a narrow range. The demand continues to be flat, and the firm offer is a single deal

the offer part of Dongguan PE market can effectively avoid the pollution of metal corrosion on hydraulic oil, narrow adjustment, the petrochemical part rises, the spot market performance is general, and the transaction focuses on negotiation

the PE price in Changsha market was adjusted. Futures fluctuated and rose slightly, but the mentality of merchants was general, and most of the accompanying offers were made. Downstream inquiry enthusiasm is not high, mainly on-demand procurement

PE prices in Wuhan market are mostly sideways, with some slightly loose yuan/ton. Transaction volume negotiation

IV. in terms of the latest quotation

1. Petrochemical quotation

the listing price of HDPE in PetroChina Southwest increased, gc100s (Jilin Petrochemical) increased by 100 yuan to 10250 yuan/ton, 4801 (Dushanzi Petrochemical) increased by 100 yuan to 9850 yuan/ton, 7260 (Sichuan Petrochemical) to 9400 yuan/ton

the individual pricing of HDPE in CNPC northeast increased, with 2911 (the low-temperature tank of DWC impact test is the special auxiliary refrigeration equipment for low-temperature impact test, ShunPetrochemical) reported 9650 yuan/ton, gc100s (Jilin Petrochemical) increased by 100 yuan to 10200 yuan/ton, and 5000S (Daqing Petrochemical) reported 10100 yuan/ton

the listing price of CNPC South China HDPE is stable, with 8008 (Dushanzi Petrochemical) at 9550 yuan/ton, 6097 (Daqing Petrochemical) at 9800 yuan/ton, and 9455 (Sichuan Petrochemical) at 9700 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of sinoplastics was mixed, with a range of yuan/ton, of which dmda-8008/Dushanzi Petrochemical was at least 9800 yuan/ton (down 100), fhc7260/Fushun Petrochemical was at least 10500 yuan/ton (up 900), t5070/Huajin Chemical was at least 9900 yuan/ton (up 50)

v. future forecast

Petrochemical inventory is low, some continue to transfer out factory prices, and the intention to increase is more obvious. Businesses follow the trend to slightly increase their prices, mainly waiting for the market; However, the downstream factories have strong resistance to high price sources, and the actual demand is not obvious. Independent manipulation can only be carried out after being skillfully controlled. The willingness to take the initiative to receive goods has further declined, which has formed a strong constraint on the market, and the market trading is relatively cold. It is expected that the market price will maintain a volatile trend in the near future, and it is difficult to improve the transaction in the short term

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