On October 18th, the domestic polyethylene market remained stable, the market confidence was not enough, and the downturn was cautious. The turnover was still poor. If downstream demand cannot be magnified, the PE market will remain weakly adjusted.
First, manufacturers dynamic
On the 18th, domestic petrochemical prices were stable, and some adjustments were made. Sinopec Central LLDPE's pricing was lowered to 10,500 yuan/ton. Guangzhou Petrochemical LLDPE pricing is stable: film material 7042 reported 10,550 yuan / ton, film material reported in 2001 10,600 yuan / ton. Zhongyuan Petrochemical LLDPE pricing is stable: 9050K reported 10,500 yuan / ton, 908 reported 10,500 yuan / ton, 7050 reported 10,500 yuan / ton. Tianjin United LLDPE pricing is stable: 9020 reported 10,650 yuan / ton, 9085 reported 10,550 yuan / ton, 1820 reported 10,650 yuan / ton, 1875 reported 10,600 yuan / ton, 9004 reported 10,450 yuan / ton, 6010 reported 10,550 yuan / ton, 9030 reported 10,550 yuan / ton, 2650 reported 10,700 yuan / ton.
Second, the market trend
On the 18th, the domestic PE market was stable, the market was not confident, and the downturn was cautious. Trading was still poor. Although ** shocked on the air, but lack of power, the support for the spot market is limited. Market participants generally maintained a wait-and-see mentality, and downstream demand procurement, lack of trading volume support, the market continues the weak situation. Mainstream price: LDPE yuan / ton, LLDPE yuan / ton.
Downstream demand in the Chengdu market was weak, merchants actively shipped, and a low price of 10,500 yuan/ton appeared on the line. Sinopec 7042 reported 10650-10700 yuan / ton, part 7042 reported 10,600 yuan / ton.
The market price in Changzhou has stabilized and the business mentality has been relatively stable. The market trading atmosphere has improved compared to the previous period. Daji Chemicals 7042 reported 10,550 yuan / ton.
The market price of Linyi has remained stable, and the market has a stable mentality. Traders will follow the market to ship, and the overall demand is flat. Zhenhai 7042 has no tax of 10,000 yuan/ton, and Jihua 7042 includes 10600 to 10650 yuan/ton.
Third, the market outlook forecast
Business analyst Xue Jinlei expects that the international oil price and LLDPE futures may stop rebounding and rebounding will bring certain support to the PE spot market, restraining the pace of decline, and in the case that downstream demand cannot be enlarged, the PE market will still maintain a weak adjustment pattern.
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