Polyethylene PE: Spot prices are slightly differentiated, and the high-pressure market in North China is exclusive

China Petrochemical Inventory: The polyolefin stocks of the two oils were 810,000 tons, an increase of 35,000 tons from last week.

Shenhua auction statistics: Today's auction volume was 950 tons, and today's transaction volume was 831 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 PE market in China is slightly divided. Except for the low-end price in the high-pressure market in North China, which has increased by 100 yuan/ton, the prices of other markets are stable and weak. As the Federal Reserve cut interest rates further benefited the market, international oil prices rose slightly. In some regions, the supply of goods in the high-pressure market is tight, and traders mainly ship at high prices. However, terminal demand continues to follow up slowly, and no major fluctuations have occurred. The overall transaction situation in the PE market is acceptable.

PE spot trend forecast: In terms of supply, in the short term, the PE plant will only involve the planned maintenance of Yangzi Petrochemical's HDPE plant with a production capacity of about 70,000 tons, while the Guangdong Petrochemical's HDPE plant with a production capacity of about 400,000 tons is planned to be restarted. The supply of HDPE may increase slightly, while the supply of other sources is relatively stable. On the demand side, as the National Day is approaching, downstream factories may have the behavior of stocking raw materials PE in advance, and terminal procurement enthusiasm will also increase. Overall, it is expected that the polyethylene market or interval will be consolidated in the short term.

Mainstream quotes in the PE market:

Analysis of PE futures: On September 23, the opening price of L2501 was 7935, the highest price was 7935, the lowest price was 7829, the position was 400896, the settlement price was 7874, yesterday's settlement was 7948, and the decline was 74.

China PE Index: According to Tuduo's data, on September 23, China's HDPE spot index was 7904, down 12;LDPE film spot index was 10328, up 5;LLDPE spot index was 8255, down 1.