Polyethylene PE: Spot prices continue to rise, and futures prices break through the upper track, but upward pressure is greater

Sinopec Inventories: The polyolefin stocks of the two oils were 870,000 tons, a decrease of 35,000 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 30.2 tons, and today's transaction volume was 30.2 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.

PE spot market analysis: Today, China's PE market is relatively strong, with linear, high-pressure and low-pressure film materials showing an upward trend, ranging from 20 to 100 yuan/ton, and low-pressure wire drawing prices temporarily remain stable. In terms of price: China's linear mainstream prices range from 8,410 to 8,750 yuan/ton, high-pressure prices range from 9,750 to 9,900 yuan/ton, low-pressure film materials range from 8,350 to 8,800 yuan/ton, and low-pressure wire drawing range from 8,100 to 9,150 yuan/ton. Prices have been consolidated upwards, market transactions have performed well, and the mentality of operators is relatively optimistic, so the market transaction prices have shifted upwards.

PE spot trend forecast: Crude oil prices in terms of raw materials have fallen relatively, and cost support for the market has weakened. There are still new maintenance equipment on the supply side recently, and the supply side has shown a regional decrease. In the short term, the supply side has good support for the market. Downstream demand needs to be followed up relatively. However, corporate inventories have increased after May Day, which limits the price increase to a certain extent. It is expected that the short-term polyethylene market will be dominated by high fluctuations.

Mainstream quotation in PE market: yuan/ton

Analysis of PE futures: On May 8, the opening price of L2409 was 8503, the highest price was 8550, the lowest price was 8485, the position was 507395, the settlement price was 8515, yesterday's settlement: 8463, and the decline: 52.

China's PE Index: According to Tuduo's data, China's LLDPE spot index on May 8 was 8409, up 11;LDPE film spot index was 9863, up 53;HDPE spot index was 8525, up 33.