Liansu futures fell significantly during the week bearish market sentiment

This week, the three major varieties of domestic polyethylene spot market fell collectively, with LLDPE in East China being the most obvious, and LDPE and HDPE also being lowered to varying degrees
.

This week, petrochemical companies lowered their ex-factory prices, with a reduction of 100-1100 yuan / ton, and the cost support weakened
.
Liansu futures fell significantly during the week, which was bearish for the market mentality
.
In addition, the National Development and Reform Commission intervened this week, and the coal market fell sharply, and the downstream power limit weakened
.
The terminal currently maintains a rigid need to enter the market, and the overall transaction atmosphere of the market is not good
.
Merchants' offers follow the market, and the real price focuses on a single talk
.

This week's Liansu futures fluctuated and fell, bringing obvious
bearishness to the spot market.
On October 21, polyethylene futures 2201 opened at 9210, the highest price was 9500, the lowest price was 9190, the closing price was 9305, the previous settlement price was 9300, the settlement price was 9360, up 5, or 0.
05%, the trading volume was 582963, the position was 289648, and the daily increase was 960
.
(Quotation: yuan/ton)

At present, the market trading atmosphere is not good, the overall trend of the three major varieties of PE spot is sluggish, and the inventory of petrochemical enterprises is mostly at a high level, and the ex-factory price
has been greatly reduced.
Downstream is cautious and maintains on-demand replenishment
.
In terms of demand, downstream agricultural film and pipe were affected by peak season factors, and the operating rate increased slightly
.
It is expected that the PE spot market will have little room for decline in the short term, or it will mainly
oscillate in a narrow range.