According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LLDPE (7042) was 8257 yuan/ton on April 7th, and the average price on April 12th was 8292 yuan/ton, with a price increase of 0.43% during the period.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 9287 yuan/ton on April 7th, and the average price on April 12th was 9312 yuan/ton, with a price increase of 0.27% during the period.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of HDPE (5000S) was 8475 yuan/ton on April 7th, and the average price on April 12th was 8475 yuan/ton. During this period, the quotation remained stable.
The price of polyethylene has slightly increased this week. At the beginning of the week, supported by the bullish rise in crude oil, the cost side supported a slight increase in polyethylene. On the supply side, there are many domestic polyethylene plant shutdowns for maintenance, resulting in reduced pressure on the supply side. Petrochemical companies have slightly increased their prices, while traders have followed suit with a slight increase. In terms of demand, the overall downstream demand is improving, and factories will replenish inventory in an appropriate amount after the holiday, while sales are still acceptable. But there is a certain resistance to the continuously rising high priced supply, and downstream factories have weakened their purchasing intentions.
On April 12th, the polyethylene l2409 contract on the Dalian Commodity Exchange was opened at 8400 yuan and closed at 8369 yuan, a decrease of 17 yuan. The highest price was 8408 yuan and the lowest was 8341 yuan, a decrease of 0.20%. This week, polyethylene futures showed a strong trend at the beginning of the week, which to some extent benefited the polyethylene spot market. Afterwards, the futures market weakened, weakening support for spot prices.
The maintenance of polyethylene equipment has increased, and the supply side is expected to decrease; The demand for plastic film began to weaken in late April, and the demand for greenhouse film is in the off-season; It is expected that polyethylene prices will mainly operate in a narrow range with limited upward space.
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