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China PE Market Situation on January 19

  38
 June 2, 2024

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January 19, PE futures 2105 opening price of 7750, the highest price of 7805, the lowest price of 7700, closing price of 7740, the former settlement price of 7640, the settlement price of 7750, up 100, up 1.29%, the turnover of 336,075 hands, positions 25,483 hands, the day up-581 hands. (Quotation unit: yuan / ton)

January 19, the spot market prices of the three major polyethylene varieties rose overall, East China LLDPE, LDPE film market adjustment rose to about 100 yuan / ton. HDPE market changed little, basically remained stable. The sharp rise of Lesotho futures brought obvious boost to the market. The business atmosphere was favorable, and some petrochemical companies raised their ex-factory prices. Market prices continued to rise and the trading atmosphere improved. Oil prices rose on Tuesday, mainly thanks to positive news from the US stock market, boosting the market. However, the negative factors of environmental protection in the north, power distribution in the south, and the market still exist.

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