The contradiction between supply and demand is obvious, the PE market continues to be weak, and the price drops as a whole

In June, PE overall trend continued to be weak, spot three varieties have fallen to varying degrees. Among them, LLDPE and LDPE have fallen significantly, LLDPE has fallen to less than 8000 yuan / T, HDPE has remained stable in large scale, and some of them have declined, and the overall market investment atmosphere is weak. The following is a detailed view:

According to the data of business agency, the average factory price of LLDPE (7042) in East China was 8100.00 yuan / ton on June 1, and 7866.67 yuan / ton on June 10, with a decline of 2.88% over the period, and the overall price rose 15.69% compared with the same period last year.

According to the data of business society, the average factory price of LDPE (2426h) in East China was 9800.00 yuan / ton on June 1, and 9687.50 yuan / ton on June 10, with a decline of 1.15% over the period, and the overall price rose 18.16% compared with the same period last year.

According to the data of business agency, the average price of HDPE (5000S) in East China was 9000.00 yuan / ton on June 1 and 9000.00 yuan / ton on June 10. During the period, the price was stable, and the overall price was up 25.58% compared with the same period last year.

On September 9, petrochemical enterprises in PE spot market collectively lowered the factory price, which hindered the market investment atmosphere. LLDPE and LDPE fell significantly, while HDPE market was down in some parts. The futures market of lianplastic fell in shock, which brought Limited benefits to the spot market. In terms of supply, the new capacity has been put into operation. In terms of demand, the current agricultural film production is off-season, the lower the start rate of downstream enterprises, and the pipe and packaging film are in the off-season. The demand is weak and the receiving intention is not high. The multi-dimensional holding on demand supplement is difficult to improve the market transaction atmosphere. The business mentality is empty, follow the profit giving quotation as the main, the actual offer focuses on a single talk.

Upstream ethylene market, recent external ethylene market overall trend of decline, the market mentality of the polyethylene market. As of 9, the Asian ethylene market price remained stable, CFR Northeast Asia closed at $957-965 / T, and CFR Southeast Asia closed at $917-925 / T. European ethylene market prices fell, FD northwest Europe closed at $1298-1309 / T, CIF NW Europe closed at $1253-1262 / T. The US region’s ethylene price fell at $583-595 / T. Generally speaking, the demand of the whole ethylene market is not good in the near future, the trading atmosphere is light, the transaction is not strong, and the center of gravity of ethylene market is constantly moving down.

On June 10, the futures market stopped falling and rising, but the spot market price was still weak. On June 10, the opening price of PE futures 2109 was 7610, the highest price was 7640, the lowest price was 7555, the closing price was 7615, the former settlement price was 7565, the settlement price was 7590, up 50, or 0.66%, the volume of trading was 363267, the position was 388895, and the daily position increased by -6238( Quotation unit: yuan / ton)

At present, although the inventory of two oil has declined, the futures market of lianplastic has stopped falling and rising, which brings short-term support to the market. However, the new production capacity is put into operation successively. In addition, the downstream agricultural film, pipe and packaging film are in the traditional off-season, the relatively weak demand still brings obvious control to the market, and the market weakness is difficult to change in the short term. It is expected that the PE spot market will continue to weaken in the short term.

Thiourea