Hottest price of plastic raw materials LLDPE on Ma

On March 23, 2016, the price analysis of plastic raw material LLDPE

I. brief introduction of the market

market prices rose and fell, and some linear prices in North and South China weakened by yuan/ton. Linear futures opened low and fluctuated weakly, but Petrochemical prices were strong, market trading was flat, most merchants continued to be high, and the prices of some varieties were slightly loose. Insufficient follow-up of downstream demand, most on-demand procurement, and it is difficult to have a large volume of firm offer transactions

II. Brief introduction to the upstream market

US crude oil futures closed down on Tuesday. The settlement price of WTI light and low sulfur crude oil futures delivered in May on the New York Mercantile Exchange (NYMEX) fell 7 cents to US $41.45/barrel, down 0.2%. London Intercontinental Exchange (ice) may global benchmark Brent crude oil futures settlement price rose 25 cents to 41.79 U.S. dollars/barrel, or 0.6%

on Tuesday (March 22), the market price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1204 5 dollars/ton; CFR Southeast Asia prices remained stable at 1159 5 dollars/ton

III. local market conditions

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

Changsha market is dominated by PE price consolidation, linear futures open low and fluctuate, the market trading atmosphere is stable, and traders offer small profits. Follow up terminal needs, such as: insufficient, a single deal

the two ends of Dongguan sample must be parallel. The PE price in the market fluctuates in a narrow range, and some parts are slightly loose. Linear futures opened low, weak and volatile, businesses lack confidence in the future market, and some made small profits. Downstream inquiries have not changed much, and most of them are readily available

PE prices in Shantou market fluctuated. Traders' offers fluctuated in a narrow range, while Petrochemical prices were temporarily stable, and there were few spot circulation areas in some varieties of markets, which could support the market

IV. the latest quotation

1. Petrochemical quotation

PetroChina East China LLDPE pricing is stable, with 7042 (Daqing) at 9400 yuan/ton, 7042 (Fushun) at 9400 yuan/ton, and 7042 (Jilin Petrochemical) at 9450 yuan/ton

1

the listing price of PetroChina South China LLDPE is stable, with 7042n (Lanzhou Petrochemical) at 9650 yuan/ton, 7042 (Fushun Petrochemical) at 9650 yuan/ton, and 7042 (Sichuan Petrochemical) at 9600 yuan/ton

the listing price of PetroChina Southwest LLDPE is stable, with 7042 (Lanzhou Petrochemical) at 9400 yuan/ton, 7042 (Dushanzi Petrochemical) at 9400 yuan/ton, and 7042 (Sichuan Petrochemical) at 9400 yuan/ton

2. Mall quotation

as of 15:00, the quotation of individual brands of China Plastics spot LLDPE increased by 300 yuan/ton, and the lowest quotation of 7050h/Zhenhai Refining and Chemical Co., Ltd. was 10000 yuan/ton

v. future forecast

the ex factory price of most petrochemicals continues to rise, increasing the support for the cost of goods supply. Traders are not in line with the reproduction of environmental conditions, so they report higher, and observe the downstream receiving situation; However, due to the decline of futures, dealers are more cautious in issuing orders to cover positions. Downstream factories fell into wait-and-see, coupled with the rejection of price increases, and the transaction was mainly to meet rigid demand at a low price. Supported by petrochemical costs, it is expected that the market price will continue to fluctuate slightly in the near future