Polyethylene PE: Crude oil has risen for six consecutive years, there is a strong enthusiasm for spot overreporting, and the price center of gravity has shifted upward

Sinopec Inventories: The polyolefin stocks of the two oils were 935,000 tons, an increase of 150,000 tons from the pre-holiday (Wednesday).

Shenhua auction statistics: Today's auction volume is 1050 tons, today's transaction volume is 995 tons, and the auction transaction rate is 94.76%, an increase of 25.83% from yesterday's 68.93%.

PE spot market analysis: Today, China's PE market continued its upward trend, with increases ranging from 20 to 50 yuan/ton for various varieties. In terms of price: China's linear mainstream prices range from 8,200 to 8,550 yuan/ton, high-pressure prices range from 9,200 to 9,500 yuan/ton, low-pressure film materials range from 8,200 to 8,650 yuan/ton, and low-pressure wire drawing range from 8,170 to 8,750 yuan/ton. Although futures were suspended and closed on Sunday, the surge in crude oil gave the market a strong enthusiasm for watching and doing long. Holders actively reported higher, and market prices rose further. In terms of petrochemicals, PetroChina Northeast, PetroChina Southwest, PetroChina East, PetroChina East, and Sinopec South China still have increases. Except for the southwest and northwest, the linear ex-factory price of coal companies in other places is as low as 8250 yuan/ton, and the cost of on-site supply continues to push up. Downstream and some middlemen entered the market tentatively to make inquiries, but they were relatively cautious in chasing gains and taking goods. Some purchased appropriate amounts on dips, and more waited and waited for tomorrow's futures to open.

PE spot trend forecast: In terms of raw materials: crude oil will further set a new high, and the oil distribution market will enter the US$86 -95 region. The shift in the focus of raw materials has driven up the cost of polyethylene production. Petrochemical policy: Currently, petrochemicals continue to go to the warehouse. At the beginning of the month, the performance of the two markets is still acceptable. There are still upward adjustments in major regions, and the cost of on-site supply is strongly supported. Supply: Lianyungang Petrochemical, Jiutai, Zhongke Refining and Chemical, Hainan Refining and Chemical, and Zhejiang Petrochemical have been suspended until April and May. Recently, new units such as Zhongyuan Petrochemical and Maoming Petrochemical have continued to be suspended for maintenance, and the market supply continues to shrink. In terms of demand, the overall downstream demand is relatively stable, with small overall variables. Under the comprehensive influence, it is expected that the PE market will remain volatile and strong, focusing on the market trend and spot transactions.

Mainstream quotation in PE market: yuan/ton

China's PE Index: According to Tuduo's data, China's LLDPE spot index on April 7 was 8343, up 13, or 0.16%;LDPE film spot index was 9325, up 37, or 0.40%;HDPE spot index was 8456, up 19, or 0.23%.