Sinopec's inventory: The polyolefin inventory of the two oils was 930,000 tons, an increase of 210,000 tons from the pre-holiday period.
Shenhua auction statistics: Today's auction volume is 266 tons, and today's transaction volume is 205 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: Today, the overall decline of linear and low-pressure film materials in China's PE market is dominated, and high-pressure and low-pressure wire drawing coexist with ups and downs. In terms of price: China's linear mainstream prices range from 8,360 to 8,700 yuan/ton, high-pressure prices range from 9,650 to 9,800 yuan/ton, low-pressure film materials range from 8,330 to 8,750 yuan/ton, and low-pressure wire drawing range from 8,100 to 9,150 yuan/ton. There has been an increase in the supply of goods in the market, with traders mainly transferring profits and shipping goods. However, downstream terminal factories have a strong wait-and-see atmosphere, and the overall market transaction situation is weak, with most transaction prices falling mainly.
PE spot trend forecast: In terms of raw materials, crude oil fell significantly on the first day after the holiday, and its support for the polyethylene market was relatively weakened. During the holidays, companies have increased their inventories, and the supply of goods has increased slightly after the holidays. At the same time, there may be a certain replenishment situation downstream after the holidays, so the contradiction between supply and demand is relatively small. Short-term market operations are expected to be volatile.
Mainstream quotation in PE market: yuan/ton
plate number |
regional |
April 30 |
May 6 |
rise and fall |
linear |
North China |
8420-8530 |
8370-8480 |
-50/-50 |
East China |
8430-8550 |
8360-8520 |
-70/-30 |
|
South China |
8460-8750 |
8440-8700 |
-20/-50 |
|
high pressure |
North China |
9580-9680 |
9650-9730 |
70/50 |
East China |
9700-9750 |
9650-9750 |
-50/0 |
|
South China |
9750-9800 |
9700-9800 |
-50/0 |
|
low pressure membrane material |
North China |
8330-8570 |
8330-8550 |
0/-20 |
East China |
8500-8800 |
8500-8750 |
0/-50 |
|
South China |
8400-8650 |
8350-8600 |
-50/-50 |
|
low pressure wire drawing |
North China |
8550-8850 |
8530-8900 |
-20/50 |
East China |
8000-9000 |
8100-9050 |
100/50 |
|
South China |
8700-9150 |
8700-9150 |
0/0 |
Analysis of PE futures: On May 6, the opening price of L2409 was 8430, the highest price was 8453, the lowest price was 8370, the position was 728150, the settlement price was 8403, yesterday's settlement: 8498, down: 95.
China's PE Index: According to Tdd-global's data, on May 6, China's LLDPE spot index was 8475, down 19; the LDPE film spot index was 9750, down 20; and the HDPE spot index was 8400, down 15.