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In October, Liansu futures mainly fell, which brought obvious bearishness to the spot market
.
On October 29, polyethylene futures 2201 opened at 8740, the highest price was 8885, the lowest price was 8715, the closing price was 8765, the previous settlement price was 8700, the settlement price was 8785, up 65, or 0.
75%, the trading volume was 478239, the position was 237343, and the daily increase was -9036
.
(Quotation: yuan/ton)
In October, the domestic polyethylene spot market as a whole fell, and the trend of the three major varieties showed that they rose first and then fell, but the decline was greater than the increase, among which LDPE in East China was the most obvious, and LLDPE and LDPE were also lowered to varying degrees
.
The polyethylene spot market rose collectively in the first half of the month, and fell collectively in the second half of the month
.
During the November holiday, the market trading was quiet, some merchants overreported, the ex-factory prices of petrochemical enterprises rose one after another after the holiday, the futures market went higher, the merchants' mentality was firm, and the price continued to rise
.
However, it is difficult to continue the rally in the middle of the month, the market bearish factors are strong, petrochemical enterprises collectively reduce the factory price, Liansu futures fell significantly, and the bearish spot market mentality
.
Affected by the intervention policy, the price of thermal coal has declined, coal production has increased, the tight supply situation has been eased, coal production capacity has been released in stages, coal prices have fallen, and cost support has weakened
.
In addition, the impact of power rationing on the terminal is still there, the downstream demand is general, and the market is mostly maintained to enter the market, the overall transaction atmosphere of the market is not good, the merchant mentality is pessimistic, and the price is weakening
.
The current market lacks obvious benefits, the overall trading atmosphere is not good, the overall trend of the three major varieties of PE spot is sluggish, the ex-factory prices of petrochemical enterprises are still lowered near the end of the month, and the futures market is volatile and downward, bringing limited benefits to the spot market
.
Downstream demand is general, and most of them maintain on-demand replenishment, and the enthusiasm for entering the market is not good
.
It is expected that the PE spot market may still weaken in November
.
