Overview of LLDPE market in the week of April 14

2022-07-25
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On April 14, LLDPE's market overview for the week

upstream market:

the international crude oil futures price rose all the way this week. On Monday, the New York Mercantile Exchange may light crude oil futures contract closed up $2.86 to $109.09 a barrel; Brent crude oil futures contract on the London ICE Futures Exchange closed up $2.24 at $107.14 a barrel. Crude oil futures prices fell slightly on Tuesday. On Wednesday, Brent crude oil futures contracts on the New York Mercantile futures exchange and the London ICE Futures Exchange both rose by more than US $2 to close at US $110.87/barrel and US $108.47/barrel respectively

ethylene monomer prices in Asia were basically stable at the beginning of this week, but rose sharply on Thursday. CFR Northeast Asia rose $60 to $per ton, and CFR Southeast Asia rose $80 to $per ton

manufacturer dynamics:

the quotation of domestic LLDPE manufacturers remained basically stable this week. Jilin Petrochemical LLDPE unit is planned to be overhauled from May 1 for 18 days. Yangzi Petrochemical cracking unit was overhauled on April 18, which is expected to last for more than half a month. At that time, relevant monomer production units will be closed in turn. The price of Guangzhou Petrochemical lldpe7042 is 13850 yuan/ton and 13900 yuan/ton in 2001. Maoming Petrochemical LLDPE includes manufacturing of high-precision transmission lead screws and sliding blocks. The price of 7042 is 13750 yuan/ton, and the price of 7144 is 13950 yuan/ton. Daqing Petrochemical LLDPE plant production 7042; Today's price: 7042 film material is 13810 yuan/ton, 7042 powder material is 13610 yuan/ton (unavailable), and 7047 film material is 13810 yuan/ton. Jilin Petrochemical LLDPE price: the price of 7042 film material is 13810 yuan/ton, and the price of 7042 powder material is 13610 yuan/ton. Yangzi Petrochemical LLDPE unit produces 70427042 at 13800 yuan/ton, 1802 at 13850 yuan/ton, and 1801 at 13800 yuan/ton

one week's market trend:

this week's domestic LLDPE spot market still did not get rid of the downturn caused by poor transactions. Although the ex factory price of upstream manufacturers remained high and strong, which formed a certain support for the market, the continued downturn of the market still made the traders' mentality suffer. This week, the traders' mentality of shipping increased, and their willingness to receive goods and build positions was not strong. The downstream side has brought confidence to the extruder enterprises, but it adheres to the wait-and-see strategy and takes it with you. The market is mainly dominated by a small number of transactions

the market quotation in North China this week has basically stabilized, and some brands have weakened to varying degrees. At present, the market is still upside down at 10-20 yuan/ton. The market trend in East China is basically stable. As the market transaction has been sluggish for many days, the traders' mentality is slightly tired. The mainstream quotation in the local market is between 14000-14400 yuan/ton. The market trend in South China this week is still tepid, and the market trading atmosphere has not been significantly improved. Downstream manufacturers continue to resist the current market quotation, and still make great efforts to receive goods. The market quotation remains basically stable as a whole and fluctuates slightly in some parts

market quotation:

future market forecast: due to the lack of positive support, the market is deeply in the doldrums this week. On the one hand, the traditional peak season of demand for agricultural land film has passed, and the demand of downstream manufacturers lacks consumption support. On the other hand, the current high market price has affected the enthusiasm of downstream manufacturers to receive goods. It is expected that in the future, if there is no substantial positive stimulus, the market may still maintain the current flat trend next week, and the market quotation next week may continue to be stable as a whole, with local narrow range shocks

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