Analysis on price of HDPE plastic raw material on

2022-07-25
  • Detail

On March 10, the price analysis of plastic raw material HDPE

I. brief introduction to the market

the market atmosphere is weak, and the market has entered the stage of digestion and consolidation. Some regions of CNPC continued to raise low-voltage prices, but the market response was flat, the enthusiasm for terminal procurement was not high, most of them stopped to wait and see, merchants actively shipped, and there was no lack of profit transfer in transactions

II. Overview of upstream market

on Wednesday, the international crude oil futures price rose. The settlement price of New York Mercantile Exchange (NYMEX) U.S. benchmark April WTI light and low sulfur crude oil futures rose by $1.79 to $38.29 per barrel, or 4.9%. The settlement price of London Intercontinental Exchange (ice) global benchmark may Brent crude oil futures rose by $1.42 to $41.07 per barrel, or 3.6%

on Wednesday (March 9), 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 at 1089 1.5 if the quality of recycled materials is good, USD/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 were adjusted horizontally. The market performance was weak, the downstream prices were in conflict, some of them sold goods at a small margin, and most of them were temporarily stable

the price of PE market in Ningbo rose slightly. In the morning, the futures opened higher, and some of them increased slightly, but the terminal procurement cooperation was limited, mainly through negotiation

the PE price in Xiongxian market fluctuated in a narrow range. In the morning market news game, some goods were delivered at a profit, but the downstream procurement was cautious, some were absorbed on bargain hunting, and most continued to wait and see

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC South China HDPE rose and fell. 6097 (Daqing Petrochemical) fell 50 yuan to 9200 yuan/ton, 9455f (Sichuan Petrochemical) fell 50 yuan to 9150 yuan/ton, and 5502 (Dushanzi Petrochemical) rose 100 yuan to 9450 yuan/ton

the listing price of PetroChina Southwest HDPE is stable, with 5502 (Dushanzi Petrochemical) at 9500 yuan/ton, 2911 (Fushun Petrochemical) at 9400 yuan/ton, and 9455f (Sichuan Petrochemical) at 9350 yuan/ton

the pricing of CNPC North China HDPE is stable, with 8008 (Dushanzi Petrochemical) reporting 9100 yuan/ton, 2911 (Fushun Petrochemical) reporting 8800 yuan/ton, and 5000S (Daqing Petrochemical) reporting 9300 yuan/ton

2. Quotation of the mall

as of 15:00, the quotation of some brands of China Plastics' spot HDPE was mixed, with a range of yuan/ton, of which 2911/Fushun ethylene was at least reported as 8900 yuan/ton (down 100), 5000s/ton. At present, the sea freight of Indonesia South China ultra flexible ships was $7 (8) per ton (50 (6) thousand tons), and the Panamax shipping fee was 5.5 (6) 5 dollars/ton (70000 tons) Qinghua Petrochemical Co., Ltd. reported a minimum of 9700 yuan/ton (down 100), dmda-8008/the current market data tensile strength testing machine some screw rods are T-shaped ordinary screw rods and gapless ball screw rods Dushanzi Petrochemical Co., Ltd. reported a minimum of 9550 yuan/ton (down 150), 9001/Taiwan Plastic Co., Ltd. reported a minimum of 9700 yuan/ton (up 100), and 5fhc7260/Fushun Petrochemical Co., Ltd. reported a minimum of 9400 yuan/ton (down 500)

v. future forecast

some petrochemicals continue to increase slightly. However, the market demand is still insufficient. In particular, downstream factories are still mainly purchasing on demand, so it is difficult to increase the effective demand. As a result, the confidence of market merchants in the future market is affected, and the wait-and-see mentality is becoming stronger. It is expected that the short-term market of polyethylene market will be mainly stable and slightly adjusted

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