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Domestic PE short-term narrow fluctuation upside may be limited

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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On Wednesday, the main polyethylene contract L2105 of Dashang opened at 7880 yuan / ton, the highest touched 7995 yuan / ton, the lowest down 7835 yuan / ton, and closed at 7980 yuan / ton, up 120 yuan / ton, up 1.
53%.

Total lots 307188 lots, 321199 positions
.

polyethylene

Spot market: The domestic PE market fluctuated
slightly during the day.
In terms of petrochemicals, the low-pressure and high-melt injection molding of CNPC in East China increased by 100 yuan / ton; The linear part of CNPC in North China rose by 50 yuan / ton, and high-pressure e-commerce increased sales; Sinopec low-pressure wire drawing rose by 100 yuan / ton and high pressure rose by 50 yuan / ton in central China; In the northeast region, the high pressure of oil rose by 100 yuan / ton, and the linear rose by 50 yuan / ton; South China oil high pressure rose 100-200 yuan / ton; The rest are stable
for the time being.

CNPC part of the upward adjustment, noon futures high open up volatility, merchants offer slightly adjusted, afternoon futures volatility higher, some merchants offer slightly higher, the current petrochemical inventory is at a relatively low level, the market has a certain support, but with the Spring Festival approaching, the holiday downstream enterprises are increasing, demand is significantly weaker, later petrochemical inventory will accelerate accumulation, not conducive to spot rise, is expected short-term domestic PE or upside space is limited, narrow fluctuations
。 Up to now, the quotation of LLDPE in North China is 7830-8150 yuan / ton, the quotation of LLDPE in East China is 7850-8250 yuan / ton, and the quotation of LLDPE in South China is 7980-8150 yuan / ton
.

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