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Polyethylene PE: Spot prices are mixed, futures prices are operating strongly, and the market continues to increase significantly.

17,234
May 7, 2024, 3:51 PM


Sinopec Inventories: The polyolefin stocks of the two oils were 905,000 tons, a decrease of 25,000 tons from yesterday.

 

Shenhua auction statistics: Today's auction volume is 900 tons, and today's transaction volume is 900 tons. High-pressure auction volume today was 139 tons, and today's transaction volume was 139 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.

 

PE spot market analysis: The trend of China's PE market today is divided. Among them, linear, high-pressure and low-pressure film materials show a small upward trend, with the increase range ranging from 20 to 50 yuan/ton, and low-pressure wire drawing falls, with the range ranging from 30 to 100 yuan/ton. In terms of price: China's linear mainstream prices range from 8,380 to 8,700 yuan/ton, high-pressure prices range from 9,700 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. Today, the enthusiasm for market inquiries has increased, and the enthusiasm of operators to enter the market has increased. The market transaction situation has improved compared with the previous period, and prices have increased to varying degrees.

 

PE spot trend forecast: In terms of raw materials, crude oil is consolidating at a high level and has risen slightly today. Support for polyethylene prices still exists. Recently, some devices on the supply side are still parked, and there are devices to resume driving. Coupled with the increase in corporate inventories during the holidays, the market supply pressure has increased slightly. Downstream replenishment has increased on dips, and the market wait-and-see sentiment has increased. It is expected that the short-term polyethylene market or range will run in shock.

 

Mainstream quotation in PE market: yuan/ton

plate number

regional

May 6

May 7

rise and fall

linear

North China

8370-8480

8420-8510

50/30

East China

8360-8520

8380-8550

20/30

South China

8440-8700

8440-8700

0/0

high pressure

North China

9650-9730

9700-9780

50/50

East China

9650-9750

9700-9800

50/50

South China

9700-9800

9700-9800

0/0

low pressure membrane material

North China

8330-8550

8330-8550

0/0

East China

8500-8750

8550-8750

50/0

South China

8350-8600

8350-8600

0/0

low pressure wire drawing

North China

8530-8900

8500-8800

-30/-100

East China

8100-9050

8100-9000

0/-50

South China

8700-9150

8700-9150

0/0

 

Analysis of PE futures: On May 7, the opening price of L2409 was 8405, the highest price was 8517, the lowest price was 8400, the position was 475402, the settlement price was 8463, yesterday's settlement: 8403, and the decline: 60.

 

China's PE Index: According to Tdd-global's data, China's LLDPE spot index on May 7 was 8398, up 1; the LDPE film spot index was 9810, up 4; and the HDPE spot index was 8492, up 28.