Lack of Benefits, Narrow Range Adjustment of China PE Market
According to the Rabbit Doodle Bulk Products Market Analysis System monitoring, the domestic LLDPE (7042) price on December 8 was RMB 8090 per ton, the average price on December 15 was RMB 8164 per ton, and the average price on December 8, 2019 was $0.92 per ton. Rose. Time. Time.
According to the monitoring of Rabbit Doodle Bulk Products Market Analysis System, the domestic LDPE (2426H) price was recorded at RMB 9107/mt on Dec. 8th, and the average price was RMB 9082/mt on Dec. 15th. During this period, the asking price fell by 0.27%.
According to the monitoring of Rabbit Doodle Bulk Products Market Analysis System, the domestic price of HDPE (5000S) was RMB 8,550/mt on Dec. 8th, and the average price was RMB 8,550/mt on Dec. 15th. During this period, it is estimated to remain stable.
Last week, the rise and fall of the polyethylene market appeared mutually, mainly narrow adjustment. International crude oil prices fell, polyethylene cost support weakened. Petrochemical companies to repair equipment has been reduced from earlier, polyethylene supply is sufficient. Agricultural films and pipes entered the off-season, and the packaging film market saw limited new orders and a poor trading atmosphere. Downstream purchases were relatively cautious, mainly due to weak demand. Traders preferred to adjust their offers and sell at discounted prices.
On December 15, the Dalian Commodity Exchange polyethylene L2401 contract opened at 8,065 yuan and closed at 8,126 yuan, down 73 yuan. The highest price of 8144 yuan, the lowest price of 8057 yuan, up 0.91%.
Polyethylene market demand is in the off-season and lacks effective positive guidance. Due to limited upside, polyethylene is expected to see weak fluctuations.
Please feel free to contact toodududu (tdd-global@toodudu.com) for any queries.
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