PE spot market prices rise first and then decline

According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 9583.33 yuan / ton on October 10 and 9983.33 yuan / ton on October 15, with an increase of 4.17% during the week and 21.01% compared with September 1.

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According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 13450.00 yuan / ton on October 10 and 13662.50 yuan / ton on October 15, with an increase of 1.58% during the week and 20.51% compared with September 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9866.67 yuan / ton on October 10 and 9866.67 yuan / ton on October 15. The price was flat during the period, up 12.76% compared with September 1.

This week, the overall focus of the domestic polyethylene spot market shifted upward. During the week, LDPE and HDPE in East China continued to rise in the early part of the week and fell at the weekend. LLDPE showed a shock upward trend. The prices of the three PE spot varieties mainly increased, with a fluctuation range of 150-1500 yuan / ton. The ex factory price of petrochemical enterprises rose first and then fell this week. It was mainly raised in the early part of the week. The price fell at the weekend, and the cost support was general. Liansu futures fell more than rose in the week, bringing some bad news to the spot market. The terminal currently needs to enter the market, and the overall transaction atmosphere of the market is not good. Business offers follow the market, follow the increase at the beginning of the week, the quotation is loose at the weekend, and the firm price focuses on a single discussion.

Liansu futures fell as a whole this week, bringing some bad news to the spot market. On October 15, the opening price of polyethylene futures 2201 was 9555, the highest price was 9685, the lowest price was 9370, the closing price was 9600, the former settlement price was 9520, the settlement price was 9485, up 80, or 0.84%, the trading volume was 588538, the position was 310945, and the daily position was increased by – 505. (quotation unit: yuan / ton)

At present, the atmosphere of adult trading in the market is poor, and the overall trend of the three PE spot varieties is in the doldrums. On the 15th, the ex factory prices of most petrochemical enterprises remained stable, and some regions still fell. The downstream mentality is cautious and multidimensional holds to replenish on demand. Merchants’ quotations follow the market, and the firm offer focuses on a single discussion. In the future, the polyethylene market lacks obvious benefits, and it is expected that the PE spot market may still decline in the short term.

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