Polyethylene PE: The trend of the spot market is slightly divided, and the market has significantly reduced its position by more than 30,000 lots

Sinopec Inventories: The polyolefin stocks of the two oils were 855,000 tons, a decrease of 15,000 tons from yesterday.

Shenhua auction statistics: Today's auction volume is 900 tons, and today's transaction volume is 883 tons. High-pressure auction volume today was 53.225 tons, and today's transaction volume was 53.225 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.

PE spot market analysis: Today, the trend of China's PE market is slightly divided. Among them, linear prices are mixed, high-pressure individual rises, low-pressure film materials are stable, and low-pressure wire drawing individual rises slightly. The adjustment range in each region is between 10-50 yuan/ton. 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 9,930 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. In the news, U.S. commercial crude oil inventories fell and international oil prices rose. The overall transaction situation in the polyethylene market is still acceptable, with market transaction prices rising slightly. Prices in some regions have been lowered due to poor transaction conditions, and traders 'quotations mostly follow the market.

PE spot trend forecast: In terms of raw materials, crude oil has risen today, and cost support remains. On the supply side, there is currently sufficient supply in the market, the production pressure of enterprises has eased slightly, and the overall performance of the supply side is loose, which has no significant positive impact on prices. In terms of demand, the current procurement situation in the downstream industry is mainly at the pace of just-needed procurement. The agricultural film industry has entered the off-season of consumption, and the downstream industry is in a state of just-needed procurement. Overall, there is not much good news in the market for the time being. Although prices have been relatively firm in the near future, the risk of price downside will not be ruled out in the later period.

Mainstream quotation in PE market: yuan/ton

Analysis of PE futures: On May 9, the opening price of L2409 was 8501, the highest price was 8501, the lowest price was 8433, the position was 468780, the settlement price was 8467, yesterday's settlement: 8515, and the decline was 48.

China's PE Index: According to Tdd-global's data, China's LLDPE spot index on May 9 was 8518, down 7; the LDPE film spot index was 9881, up 18; and the HDPE spot index was 8411, up 2.