Analysis on price of HDPE plastic raw material on

2022-07-24
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On March 9, the price analysis of plastic raw material HDPE

I. brief introduction to the market

pe market stabilized after rising. With the rising prices, the resistance of downstream factories is becoming stronger, and the resistance from the demand side is becoming more and more prominent, which makes it difficult to turn the deal around, and the traders' speculation mentality is gradually changing from excitement to prudence

II. Brief introduction to upstream market

the international crude oil futures price fell sharply on Tuesday. The settlement price of the New York Mercantile Exchange (NYMEX) us benchmark April WTI light and low sulfur crude oil futures fell by $1.40 to $36.50 a barrel, or 3.7%; the settlement price of the London Intercontinental Exchange (ice) global benchmark may Brent crude oil futures fell by $1.19 to $39.65 a barrel, or 2.9%

on Tuesday (March 8), the price of ethylene in Asia was stable, and the price of CFR Northeast Asia was stable and closed at 1099 USD 5/ton; CFR Southeast Asia prices held steady to close at 1089 5 dollars/ton

III. local market quotation fluctuates slightly. The demand continues to be flat, and the firm offer transaction is a single negotiation

PE prices in Shantou market fluctuated in a narrow range. The market news was calm, pressured by the decline of crude oil and futures, and the mentality of merchants was under pressure, mainly in a narrow range

PE prices in Xinjiang fluctuated in a narrow range. Recently, the prices of some coal chemical industries have declined slightly, and the quoted prices of oil-based materials have not changed much, but some transactions can be negotiated

PE prices in Guangzhou market were adjusted in a narrow range. Market news was weak, and some offers fell in a narrow range. Weak follow-up of terminal demand, mainly wait-and-see

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China of CNPC was increased, 6097 (Daqing Petrochemical) was reported as 9100 yuan/ton, 2911 (Fushun Petrochemical) was increased by 100 yuan to 8800 yuan/ton, and 5502 (Dushanzi Petrochemical) was reported as 9200 yuan/ton

the listing price of HDPE in PetroChina Southwest increased, 5502 (Dushanzi Petrochemical) increased by 50 yuan to 9500 yuan/ton, 2911 (Fushun Petrochemical) increased by 50 yuan to 9400 yuan/ton, and 9455f (Sichuan Petrochemical) increased by 50 yuan to 9350 yuan/ton

the pricing of HDPE in CNPC North China was raised. 4801 (Dushanzi Petrochemical) rose 100 yuan to 9020 yuan/ton, 2911 (Fushun Petrochemical) to 8800 yuan/ton, and 6097 (Daqing Petrochemical) rose 100 yuan to 9200 yuan/ton

2. Mall quotation

as of 15:00, the prices of some brands of HDPE in China Plastics Co., Ltd. spot were mixed, with a range of yuan/ton, of which 2911/Fushun ethylene was at least reported at 9000 yuan/ton (down 100), dmda-8008/Dushanzi Petrochemical was at least reported at 9700 yuan/ton (down 100), 9001/Taiwan plastic was at least reported at 9600 yuan/ton (up 50), 5502/Dalin, South Korea was at least reported at 10200 yuan/ton (down 50)

v. future forecast

the market atmosphere is somewhat lower than that in the early stage, but the overall situation is still good. Driven by the strength of the upstream market and the rise of individual petrochemical enterprises, the market tends to rise. However, after the general rise, the downstream enterprises have limited ability to accept high prices. In terms of operation, they purchase on demand and operate with low inventory. Therefore, it still takes time to start the demand. With relevant research results, academic views, engineering experience, hypothetical suggestions and other papers in the six theme areas of the conference, they can apply according to the specific circumstances. It is expected that the recent market situation will change according to the demand adjustment, and the laboratory space will reach several 10 meters, and some varieties may still rise

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