Hottest April 8th, 2016 plastic raw material HDPE

  • Detail

On April 8th, 2016, the price analysis of plastic raw material HDPE

I. brief introduction of the market

it should be pointed out that the market quotation of

pe is slightly loose. The weak operation of crude oil/linear futures intensifies the wait-and-see atmosphere in the market. The enthusiasm of merchants to enter the market is general. Traders follow the market and offer a stable price as a whole. The downstream factories are mainly in need of procurement, and the trading and investment are tepid

II. Brief introduction to the upstream market

oil prices fell on Thursday, and the settlement price of light and low sulfur crude oil futures for May delivery on the New York Mercantile Exchange fell 49 cents, or 1.3%, to $37.26 a barrel. Brent crude oil futures on the European ICE Futures Exchange fell 41 cents, or 1%, to $39.43 a barrel

on Thursday (April 7), the price of ethylene in Asia was stable, and the price of CFR Northeast Asia remained stable, closing at 1194 5 dollars/ton; CFR Southeast Asia prices remained stable at 1154 5 dollars/ton

III. local market prices

market quotations fell. The demand continues to be flat, and the firm offer is a single deal

there is no oil flowing out of the oil return pipe. The PE price in Xinjiang is weak and volatile, and the high price in the field has fallen. Most traders intend to ship at a high price

the offer of Yuyao PE market is partially loose, and the futures market is weak, which affects the merchants' mentality of receiving goods. Today, most of the cargo holders actively ship goods, and there is no lack of profit transfer, but the end customers are cautious about receiving goods, and the transaction is limited. The bearish mentality of the market is obvious, and the replenishment of customers is still limited near the weekend

PE prices in Wuhan are weak and lower. Market news game, weak linear futures, coupled with the price reduction of some petrochemical companies, traders' offers fell sharply

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was increased, with 2911 (Fushun Petrochemical) up 100 yuan to 9500 yuan/ton, 8920 (Dushanzi Petrochemical) up 100 yuan to 9500 yuan/ton, and 6097 (Daqing Petrochemical) up 9700 yuan/ton

the listing price of CNPC South China HDPE is stable, with 2911 (Fushun Petrochemical) at 9700 yuan/ton, 6097 (Daqing Petrochemical) at 9800 yuan/ton, and 5000S (Lanzhou Petrochemical) at 9950 yuan/ton

CNPC North China HDPE pricing is stable, with 8920 (Dushanzi Petrochemical) at 9400 yuan/ton, 7260 (Fushun Petrochemical) at 9450 yuan/ton, and 5000S (Daqing Petrochemical) at 10000 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in the spot of China Plastics Co., Ltd. was mixed, with a range of yuan/ton, of which dmda-8008/Baofeng energy was the lowest at 9300 yuan/ton (down 100), fhc7260/Fushun Petrochemical 7 TT m RB m 1500 de010 represents TT series, m18x1.5 thread, Rb plug, metric system, 1500mm stroke, digital output 10 times per second, with a minimum of 10100 yuan/ton (down 400), 9001/Taiwan plastic with a minimum of 9700 yuan/ton (down 50), hd5502s/Wuhan Petrochemical with a minimum of 10200 yuan/ton (up 50)

v. future forecast

although some petrochemical enterprises have slightly increased the ex factory price, the market follow-up is limited. Affected by the weak downstream demand, some businesses lock up shipments. Most businesses have no clear expectations for the future market, and the wait-and-see mentality dominates. It is expected that the recent market volatility will be dominated by consolidation

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