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HDPE market quotes are flat and traders are confused

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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On February 27, the overall domestic HDPE market did not change much
.
Linear futures opened low and weakened, some petrochemical adjusted prices at the end of the month, the trading atmosphere of the HDPE market was relatively light, and merchants mostly accompanied the market to ship
.
Terminal demand is weak, the intention to replenish positions is not high, and the resistance of merchants to shipments is not reduced
.

HDPE market

In terms of the spot market, the market quotation is sorted
out intraday.
Linear futures open low and fluctuate, merchants have a general mentality, and ship with the market
.
CNPC East China HDPE market pricing was raised individually, with 9455F1 (Sichuan Petrochemical) up 50 yuan to 8700 yuan / ton, 6097 (Daqing Petrochemical) up 50 yuan to 8800 yuan / ton, and 7750M (Fushun Petrochemical) up 100 yuan to 8800 yuan / ton
.
CNPC South China HDPE market was partially raised, with 5000S (Daqing Petrochemical) up 150 yuan to 9250 yuan / ton, 5000S (Lanzhou Petrochemical) up 100 yuan to 9200 yuan / ton, and 7750M (Fushun Petrochemical) up 100 yuan to 9000 yuan / ton
.
The pricing of CNPC North China HDPE market remained stable, with 8920 (Dushanzi Petrochemical) reported 8300 yuan / ton, 2911 (Fushun Petrochemical) reported 8400 yuan / ton, and 6097 (Daqing Petrochemical) reported 8800 yuan / ton
.

Crude oil prices rose and linear futures rose, which did not seem to have an impact
on the HDPE market.
Most traders are confused and cautious in order to make progress; The actual amount of goods received by downstream factories is still limited, and they are purchased as they are used, and basically no inventory
is available.
It is expected that the HDPE market may be a narrow consolidation market in the near future
.

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