One week's market summary of the hottest China Pla

2022-07-23
  • Detail

A brief introduction to the one week market of China Plastics' spot HDPE (November 26 - November 30)

the price of China Plastics City showed a slight rise this week. The market atmosphere was active and the trading volume increased slightly, of which the plastic price index held a slight rise. As of this Friday, China's plastic price index was 1299.86 points, up 9.64 points from the same period last week; The China Plastics spot index fell this week, reaching 1256.56 points on Friday, up 2.21 points year-on-year from the same period last week

I. review of upstream information:

the international oil price fell sharply this week. As of the close of this Friday, the WTI quotation closed at $88.71/barrel, down $8.75/barrel compared with the same period last week; Brent's quotation closed at US $88.26/barrel, down US $6.24/barrel compared with the same period last week. In terms of monomer: Asian ethylene is estimated by uniform dispersion: the quotation of monomer CFR Northeast Asia is USD/T, and the quotation of CFR Southeast Asia is USD 1130-1140/T for copper powder with different uses, with an increase of USD 30/T. The quotation of Far East ethylene showed a slight upward trend this week. FOB Korea was $1230/ton, and FOB Japan was $1220/ton. Both quotations rose by $20/ton

II. Market Review:

the HDPE price in North China market rose slightly this week. Affected by the HDPE production reduction of Yangzi Petrochemical, the price of 5000S Yangzi rose to 13000 yuan/ton excluding tax, while the price of Daqing 5000S was 12850 yuan/ton, and the demand for low-pressure injection molding was general. The quotation is stable. The price of HDPE imported materials in East China market is relatively stable, fluctuating around 100 yuan, and the imported materials are 9001 yuan/ton, but it is gradually difficult to find goods. Note: the plastic is stable at yuan/ton, and its performance is mediocre. Domestic materials rose slightly twice, with the mainstream of wire drawing at about 13700 yuan/ton and injection molding at about yuan/ton. The membrane material is about 13600 yuan/ton. Driven by the market, the quotation of HDPE in South China rebounded slightly, and the market price of Maoming Petrochemical's conversion to tr1445502 rose correspondingly. The quotation excluding tax rose from 12800 yuan/ton to 13100 yuan/ton. The supply of wire drawing and injection molding products in South China market has been limited, and the quotation continues to be strong. The hype atmosphere in the PE market of China plastic city has heated up again, and the price has risen steadily. However, the downside is that downstream factories have not made a clear response to the market before the target elongation at break is small, and the improvement of terminal demand is not optimistic. Mainstream market price: HDPE: wire drawing material: yuan/ton, plastic injection material: yuan/ton, film material: yuan/ton, hollow material: yuan/ton

III. trend forecast for next week:

in general, domestic HDPE still needs to remain sober in the rising trend this week. The lack of demand is the biggest hidden worry in the market. The price of raw materials has been rising all the way. Most agricultural film manufacturers are waiting and watching. The current price has exceeded the manufacturers' expectations. Therefore, the samples with high prices that are more than equal to the impact will be impacted at the moment of being impacted by the hammer. Therefore, the success or failure of this market depends on the downstream demand

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI