Analysis of HDPE price of plastic raw materials on

Analysis on the price of plastic raw material HDPE on December 8

I. brief introduction to the market

pe market shock and downward trend. Crude oil fell sharply and futures opened low, further hitting the market mentality. The ex factory prices of individual regions of petrochemicals have been lowered, which has weak cost support for the market. Traders continue to sell goods at a profit to promote transactions; Downstream factories are cautious and wait-and-see, and their willingness to stock goods is low, mainly due to rigid demand

II. Brief introduction to the upstream market

crude oil futures fell to a seven-year low on Monday. New York merchants (2) a new round of technological revolution and industrial reform posed new challenges to the plastic processing industry. The settlement price of light and low sulfur crude oil futures delivered on the commodity exchange in January next year fell by $2.32, or 5.8%, to $37.65 per barrel, and Brent crude oil futures fell by 5.4%, to $40.73 per barrel

on Monday (December 7), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia was stable to close at 1059 5 dollars/ton; CFR Southeast Asia prices remained stable at 1064 5 dollars/ton

III. local market quotations

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

Shantou PE market was shaken up and partially loosened. The market inquiry is general, but affected by the decline in oil prices, customers are cautious in receiving goods, and the transaction focuses on negotiation

PE prices in Wuhan market were adjusted in a narrow range. Futures opened lower, market trading was frustrated, and traders' offers were mostly narrow

the torque, maximum torque, axial tension and other indicators of bolts and nuts can be detected in Tianjin. The PE price in the Tianjin market has partially weakened. Linear futures opened low and fluctuated, the market trading atmosphere was light, and most merchants sold at a profit. The enthusiasm of terminal demand is weak, and the transaction volume is general

IV. in terms of the latest quotation

1. PetroChina Southwest HDPE has a stable listing price, with 5502 (Dushanzi Petrochemical) at 8800 yuan/ton, 8008 (Sichuan Petrochemical) at 8300 yuan/ton, and 2911 (Fushun Petrochemical) at 8400 yuan/ton

CNPC North China HDPE pricing is stable, with 8920 (Dushanzi Petrochemical) at 8100 yuan/ton, 7750m (Fushun Petrochemical) at 8750 yuan/ton, and 5000S (Daqing Petrochemical) at 9000 yuan/ton

the listing price of HDPE in South China of PetroChina decreased, with 8920 (Dushanzi Petrochemical) reported 8500 yuan/ton, 2911 (Fushun Petrochemical) reported 8700 yuan/ton, and 6097 (Daqing Petrochemical) fell 50 yuan to 8700 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot fell by yuan/ton, of which 7000f/Iran Petrochemical was at least 9300 yuan/ton (down 300), dmda-8008/Baofeng energy was at least 8250 yuan/ton (down 450), and dmda-8920/Dushanzi stone plastic parts must be annealed at the eye-catching place of the minimum sales package of the product after the label; The lowest price of hd5502s/Huajin Chemical was 8400 yuan/ton (down 50), and the lowest price of hd5502s/Huajin Chemical was 9300 yuan/ton (down 300)

v. future forecast

the price policy of most Petrochemical regions has remained stable, but the oil price has fallen, and the downstream demand is weak, and businesses are still actively shipping. If the market is not supported by favorable factors, it is difficult to change the fundamentals of short-term demand, and the market may continue to be dominated by shock consolidation

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