Polyethylene PE: Long and short parts left the market, the market fell for days, and spot prices weakened

Sinopec Inventories: The polyolefin stocks of the two oils were 8.795 million tons, a decrease of 60,000 tons from yesterday.

Shenhua auction statistics: Today's auction volume is 900 tons, and today's transaction volume is 839 tons. High-pressure auction volume today is 0 tons, and today's transaction volume is 0 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.

PE spot market analysis: Linear prices in China's PE market fell today, while other prices stabilized. Price: China's linear mainstream prices range from 8,420 to 8,700 yuan/ton, high-pressure prices range from 9,400 to 9,700 yuan/ton, low-pressure film materials range from 8,350 to 8,750 yuan/ton, and low-pressure wire drawing range from 8,450 to 8,800 yuan/ton. On the news front, signs of easing the conflict between Iran and Israel have become increasingly obvious, geopolitical concerns have cooled, and international oil prices have continued to fall. At the same time, stock markets and commodities both fell, and futures reduced their positions and fell back, which had a significant drag on the spot market. However, petrochemicals and some coal companies still have upward adjustments, with a strong cost-driven effect. Traders wait and see shipments, while downstream just need to enter the market, and the overall trading atmosphere is weak.

PE spot trend forecast: In terms of raw materials: Crude oil continues to operate at a high level, paying attention to geographical trends. Petrochemical policy: After several trading days of silence, petrochemical and coal companies once again moved to increase prices, and the boost to on-site costs increased. 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 still operate at a high level, focusing on the market trend and spot transactions.

Mainstream quotation in PE market: yuan/ton

Analysis of PE futures: On April 23, the opening price of L2409 was 8450, the highest price was 8459, the lowest price was 8352, the open position was 425922 lots, the settlement price was 8408, yesterday's settlement: 8468, down: 60, daily trading volume: 387657 lots.

China's PE Index: According to Tuduo's data, China's LLDPE spot index on April 23 was 8470, down 20, or 0.24%; the LDPE film spot index was 9538, stable; and the HDPE spot index was 8571, stable.