July 21st plastic raw materials LLDPE price analysis
Market prices continue to decline, the north and the Southern China part of the linear down 50-100 yuan / ton. Although linear futures opened higher volatility, but some petrochemical businesses continue to sale, lack of confidence in the market outlook, accompanying with the fall. Downstream demand changed little, just need to deal primarily.
Two, the upstream market
On Wednesday, the international crude oil futures prices were slightly higher, on the New York Mercantile Exchange (NYMEX) August WTI light sweet crude oil futures settlement price rose 29 cents, to $44.94, or 0.6 percent. London Intercontinental Exchange (ICE) September Brent crude oil futures settlement price rose 51 cents to $47.17 a barrel, or 1.1%.
On Wednesday (July 20) Asian ethylene market prices fell in part, CFR Northeast Asia prices steady closed at $1134.5-1136.5 / ton; CFR prices in Southeast Asia fell $15 closed at 1069.5-1071.5 U.S. dollars / ton.
Three, around the market
Market quotation large steady small move. Continue to demand flat, firm turnover in a single talk.
Shunde market PE prices continue to weaken. Linear futures opened higher concussion, although Petrochemical continuation down some of the ex factory price, contusion in market trading atmosphere, trader a small profit sharing shipments. End customer follow up weakness, deal with focus on negotiation.
Chengdu PE price of the majority of the market finishing. Linear futures opened higher volatility, the business mentality flat, market trading atmosphere, trader market shipments. Downstream end customer follow-up weakness, a single deal.
Changzhou market PE price decline. Linear morning futures opened higher volatility, but the down part of petrochemical factory prices, traders market shipments. The terminal customer pick enthusiasm is not high, a single transaction protocol.
Four, the latest offer
1, petrochemical offer
PetroChina North China LLDPE listing price stability, 7042n (Lanzhou Petrochemical) newspaper 8900 yuan / ton, 7042 (Daqing Petrochemical) reported 8800 yuan / tons. 0209AA (Dushanzi) reported 8900 yuan / tons.
PetroChina South China LLDPE listing price down, 7042 (Fushun Petrochemical) fell 100 yuan reported 9100 yuan / ton, 7042 (Dushanzi) fell 100 yuan reported 9100 yuan / ton, 7042n (Lanzhou Petrochemical) fell 150 yuan reported 9050 yuan / ton.
CNPC East China LLDPE price stability, 7042 (Jilin Petrochemical) newspaper 9000 yuan / ton, 7042 (Dushanzi) reported 8950 yuan / ton, 7042 (Sichuan) report of 8950 yuan / ton.
2, mall offer
As of 15, in the LLDPE individual grade plastic stock price rose 100 yuan / ton, LL0220KJ/ Shanghai SECCO minimum 9700 yuan / ton.
Five, the outlook for the market outlook
Upstream to the weak trend, petrochemical prices continue to decline, making market pessimism have filled the air, and upstream and downstream plant operation situation is not ideal, weak demand situation is difficult to significantly improve, traders mentality of instability and offer to fall, to expect to stimulate demand, but the actual effect is not clear. Expected, the recent market is likely to fall sideways.