Polyethylene Pe Market Review Of The Week (12.21)
HC Network Plastic News: This week, Yuyao, China Plastic City light plastic raw materials market sentiment, market small correction. Soft impact of pricing policies by the petrochemical, after the market before the suppression Yang, but the adjustment are not large, hard plastic stable market situation, prices were steady. Year fell to the downstream plant by the recovery of its investment meager profits and other factors, weak procurement efforts, the performance of end demand is not ideal. But, fortunately petrochemical offer a high level, on the market will support, and the prices down space inhibited. Looking at the market, despite the resources and slow digestion, increase the social stock, but the overall is still manageable, and the current external drive market is relatively strong, single price is still high, the year is unlikely that market ups and downs. Expected short-term market will remain dominated by a narrow range of stable market order.
Low density Polyethylene ( LDPE ) 12600-12900 yuan (weekend tons of price, the same below) +50 / 0
Market consolidation, limited range. Weekend, the general mainstream of membrane materials offer in 12600-12900 yuan, mixed. , Shanghai Petrochemical Q281 to 12,750 yuan, down 50, Q210 to 12,800 yuan, N220 was 12,750 yuan, down 150. Yanshan Petrochemical LD100AC to 12,800 yuan, up 100 yuan. 2426H Daqing Petrochemical is 12,900 yuan, up 200 yuan, 18D to 12,600 yuan. Yamba 2426H to 12,700 yuan. Portland-based petrochemical 2426H to 12,800 yuan, up 100 yuan. Qilu Petrochemical TN26 was 12,800 yuan, up 250. Lack of substantive information guide, the market did not change during the current period. As downstream demand continues to lack, poor market transactions, market improvement lack the prerequisite. However, efforts still upstream of the cost of support and end-users and traders in the hands of few resources, low social inventory, although the market was up weak, but not too much space down. Expected, the recent low-density polyethylene market may be difficult to significantly improve, remain the main trend of narrow fluctuation.
External disk Quotes: Asia latest market higher. Mainstream offer the latest in the 1398-1402 U.S. dollars / ton (CFR China), higher 32.5 U.S. dollars / ton ,1373-1377 U.S. dollars / ton (CFR South East Asia), higher 27.5 U.S. dollars / ton. Thursday (Dec. 17) ethylene monomer prices in the 1146-1151 U.S. dollars / ton (CFR Northeast Asia), steady ,1221-1226 U.S. dollars / ton (CFR South East Asia), up 7.5 U.S. dollars / ton.
Linear low density polyethylene ( LLDPE ) 11400-12100 yuan +200 / 0
Market fundamentals continued consolidation, the trend improved slightly late. Weekend, the mainstream offer in 11400-12100 yuan, 150-250 yuan low increases. Lanzhou Petrochemical 7042 was 11,500 yuan, up 250. Jilin Petrochemical 7042 was 11,500 yuan, up 250. YPC 7042 was 11,450 yuan, up 250 yuan, YLF1802 to 11,500 yuan, up 200. Zhongyuan Ethylene 7050 to 11,400 yuan. Shanghai SECCO 0220KJ to 11,600 yuan, up 250 yuan, 0209AA as 11,550 yuan, up 150. Saudi 218W to 12,100 yuan. Formosa Plastics 3224 to 11,600 yuan.
Current overall market was little changed. Weekly, in the case of low downstream demand, traders shipped more difficult, but the overall mentality of the market quite stable, no significant price lower, basically in a narrow range order situation. Wednesday, the subject Petroleum Northeast, North-round hike impact, local quotes started its own run-off, but not great, many people guess the price of Sinopec later transferred there with the possibility of becoming concentrated inside bullish atmosphere. Expected, if the transaction fails to effectively follow up, post-linear low density polyethylene market conditions even if the higher rates are not excessive.
External disk market: the local market conditions in Asia rose. Mainstream offer the latest in the 1310-1320 U.S. dollars / ton (CFR China), up 17.5 U.S. dollars / ton ,1280-1285 U.S. dollars / ton
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