March 19 analysis of the price of plastic raw materials LLDPE
March 19 analysis of the price of plastic raw materials LLDPE
A brief description of the market
The PE market is volatile. International crude oil closed up, and the price of China oil in east China rose, increasing the cost support of the market, the business mentality was boosted, and the offer was more positive. The downstream factory shall purchase according to the demand and partially fill the warehouse.
Ii. Brief introduction of the upstream market
Crude oil futures rose on Tuesday, with the New York mercantile exchange settling for $1.62, or 1.7%, at $99.70 a barrel in April. ICE brent crude rose 55 cents, or 0.5 percent, to $106.79 a barrel.
On Tuesday (March 18) Asian vinyl prices slipped, CFR northeast Asia slid $15 / ton to 1474.5-1476.5 usd/ton, CFR southeast Asia slid $5 / ton to 1444.5-1446.5 usd/ton.
3. Market conditions everywhere
The market offer part of the higher, the downstream of the single sentiment more resistant, the transaction generally.
China oil southwest line of intention to increase, chongqing PE market linear offers slightly higher, low pressure goods source less, some merchants early business. 50000s at 11,900 yuan/ton, 2426H at 12100 yuan/ton, 7042N at 11150 yuan/ton, TR144 at 11,900 yuan/ton.
Shantou PE is a narrow range of 20-50 yuan/ton, although the petrochemical is rising, but the market reaction is general, the atmosphere is relatively flat. TR144 no tax 11000 yuan/ton, shell 2426H no tax 11050-11100 yuan/ton, maoming 2426K no tax 11150-11180 yuan/ton, 2426H non-tax 11150 yuan/ton, shell 2420H no tax 11150-11200 yuan/ton.
The market quotation of lanzhou PE market has been tidied up, the business mentality is cautious, 2426H to 12,000 yuan/ton, 5000S to 11,800 yuan/ton, 8008 to 11,350 yuan/ton, 5420 to 11,1650 yuan/ton, 5502 to 11,450 yuan/ton, 7042 to 11150 yuan/ton.
Iv. Latest quotation
1. Petrochemical quotation
The listed price of china-oil east China LLDPE was stable: 7042 (mongshan) was reported at 11000 yuan/ton, 7042N (langhua) at 11000 yuan/ton, 7042 (daqing) at 11000 yuan/ton, 7042 (jinization) for 11000 yuan/ton.
Cost of CPC in south China, PE, and LLDPE: 7042 (daqing) to 11000 yuan/ton, 7042 (sunup) to 11000 yuan/ton, 7042 (LanHua) to 11000 yuan/ton, 7042 (dushanzi) to 11000 yuan/ton, 7042 n (LanHua) to 11000 yuan/ton.
Individual CPC northeast PE prices, LLDPE: 7047 grains (daqing) rose 100 yuan/ton to 11200 yuan/ton, 7042 grains (daqing/jilin) rose 100 yuan/ton to 11200 yuan/ton, 7042 powder rose 100 yuan/ton to 11100 yuan/ton, 7042 n (fushun) rose 100 yuan/ton to 11100 yuan/ton.
2. Market quotation
At the end of 15, the price of the Chinese plastic spot LLDPE was mixed, ranging from 50-250 yuan/ton. 218 w/Saudi sabic lowest at 11550 yuan/ton (+ 250), jilin petrochemical DFDA - 7042 / lowest at 11700 yuan/ton (+ 100), DFDA - 7042 / zhenhai refining lowest at 11300 yuan/ton (fall 200), Asia LLF2220BS/may the lowest quote 11300 yuan/ton (up to 50).
5. Prediction of future market
By petrochemical enterprises limited sales, maintenance, a limited supply of good news, the influence of the merchants actively with shipment, but in the case of weak downstream demand, and still less volume, is the main resistance effects of the current market trends. It is expected that the recent market will be a volatile market, with a narrow rise.
