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Polyethylene PE: The two oils continue to be removed from the warehouse, and the spot maintains the trend between varieties

56,071
April 24, 2024, 4:56 PM

Sinopec Inventories: The polyolefin stocks of the two oils were 785,000 tons, a decrease of 10,000 tons from yesterday.

 

Shenhua auction statistics: Today's auction volume is 900 tons, and today's transaction volume is 730 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现货市场分析:今日中国PE市场维持varieties间走势,linear依旧偏弱。价格方面:中国linear主流价格在8320-8700元/吨不等,高压价格在9450-9700元/吨不等,low-pressure membrane料价格在8300-8750元/吨不等,low pressure wire drawing在8450-8800元/吨不等。消息面上,美联储降息预期有所改善,叠加美国原油库存有下降趋势,国际油价上涨。同时股市及商品双双翻红,但塑料期货盘面依旧偏弱,对于现货市场拖累作用表现明显。石化出厂多数稳定,个别上下调整。煤企普遍降价,成本端驱动作用减弱。贸易商观望出货,下游刚需入市,整体交投气氛表现一半。

 

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 left factories in a stable and small manner, and cost support at the end of the month was relatively strong. 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

varieties

regional

April 23

on April 24

rise and fall

linear

North China

8370-8430

8320-8400

-50/-30

East China

8380-8500

8380-8500

0/0

South China

8440-8700

8420-8700

-20/0

high-pressure membrane

North China

9400-9450

9450-9480

50/30

East China

9430-9650

9500-9650

70/0

South China

9600-9700

9550-9700

-50/0

low-pressure membrane

North China

8350-8550

8300-8550

-50/0

East China

8500-8750

8500-8750

0/0

South China

8400-8700

8450-8700

50/0

low pressure wire drawing

North China

8450-8600

8450-8600

0/0

East China

8500-8700

8500-8700

0/0

South China

8550-8800

8550-8800

0/0

 

Analysis of PE futures: On April 24, the opening price of L2409 was 8355, the highest price was 8381, the lowest price was 8335, the position was 416638 lots, the settlement price was 8358, yesterday's settlement: 8408, the decline: 50, and the daily trading volume: 287005 lots.

 

China's PE Index: According to Tdd-global's data, China's LLDPE spot index on April 24 was 8453, down 17, or 0.20%; the LDPE film spot index was 9555, down 17, or 0.18%; the HDPE spot index was 8571, stable.