Analysis of HDPE price of plastic raw materials on

Analysis on the price of plastic raw material HDPE on December 21

I. brief introduction to the market

pe market is stable and small, with little change. Although LDPE futures opened high and fluctuated, the price of PetroChina East China continued to decline, and merchants made more profits to ship. Terminal procurement is cautious, confused about the future trend, and the intention to cover positions is poor. The firm offer transaction focuses on negotiation

II. Overview of upstream market

on Friday, the price of international crude oil futures market closed down, and the settlement price of January WTI light and low sulfur crude oil futures on the New York Mercantile Exchange (NYMEX) fell by 22 cents to US $34.73 per barrel, down 0.6%. The settlement price of February Brent crude oil futures on the London Intercontinental Exchange (ice) fell 18 cents, or 0.5%, to $36.88 a barrel

on Friday (December 18), Asian ethylene market quotation was stable, and CFR Northeast Asia price remained stable to close at 1069 5 dollars/ton; CFR Southeast Asia prices remained stable at 1084 5 dollars/ton

III. local market conditions

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

the price of PE in Xiongxian county is low and the price is high, but the transaction is still dominated by low price. In the morning, the market news was volatile, the merchants' mentality was general, and some goods were short, but the support was ok, but the demand was insufficient, and the trading was cautious

the PE market in Xinjiang is stable and dynamic. In the morning, the external news was repeated. The futures opened high and fluctuated, and the petrochemical price was stable. However, the market reaction was not great temporarily, and most of the stable price shipments were made

PE prices fluctuated in a narrow range in Ningbo. In the morning, the futures opened high and fluctuated. In addition, there was less cooperation in the market, and some intentions rose slightly. However, considering the shipping pressure, the overall change was small, mainly in a narrow range, with a change range of more than 50 yuan/ton

IV. in terms of the latest quotation

the pricing of HDPE in PetroChina East China was reduced, 8008 (Dushanzi Petrochemical) fell 100 yuan to 8500 yuan/ton, 2911 (Fushun Petrochemical) to 8400 yuan/ton, 6200 (Daqing Petrochemical) fell 100 yuan to 8200 yuan/ton

the listing price of CNPC North China HDPE is stable, with 5420 (Dushanzi Petrochemical) at 9100 yuan/ton, 7750m (Fushun Petrochemical) at 8650 yuan/ton, and 5000S (Daqing Petrochemical) at 8900 yuan/ton

the listing price of CNPC South China HDPE is stable, gc100s (Jilin Petrochemical) is reported at 8850 yuan/ton, 2911 (Fushun Petrochemical) is reported at 8400 yuan/ton, 550 although TPI has been developed abroad before, 2 (Dushanzi Petrochemical) is reported at 8550 yuan/ton

v. future forecast

the price of petrochemical enterprises continues to decline, the mentality of merchants is low, and most of them actively offer to ship at a profit. However, the downstream needs to improve the texture but not the weight, so it is difficult to make a deal. In the absence of positive, such as Boeing B787 and Airbus A350XWB, more than 50% of the fuselage is supported by carbon fiber composites, and it is expected that the short-term market will continue to be weak and volatile