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    Home > Chemicals Industry > New Chemical Materials > LLDPE downstream demand is sluggish and prices remain weak and volatile

    LLDPE downstream demand is sluggish and prices remain weak and volatile

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Market situation: LLDPE downstream demand is sluggish, L2001 main contract is volatile, and the futures price closed at 7455 yuan / ton, -0.
    13% from the previous trading day; Volume 336594 lots, -70610 lots; Position 708236 lots, +19830 lots, basis 15 yuan, 9-1 spread -40 yuan
    .

    LLDPE

    News: Longzhong Information reported on August 19 that China Coal Shaanxi Yulin Energy Chemical Polyethylene Plant has a production capacity of 300,000 tons per year, and the plant output is 7042, and it is expected to be shut down for maintenance for about
    10 days on the 25th.

    Upstream raw materials market: Naphtha prices fell, and the market price in Japan was $461.
    63/ton, -0.
    59%.

    Ethylene market prices fell in Asia, of which the price in Northeast Asia was 945 US dollars / ton, -1.
    56%; In Southeast Asia, it was $855/mt, -0.
    58%.

    Spot market: LLDPE spot prices remained basically stable, with only a few companies lowering prices
    .
    Individual enterprises in North China and East China reduced by 50 yuan / ton, the mainstream quotation in North China was 7470 yuan / ton, and the mainstream price in East China was 7550 yuan / ton
    .
    South China dropped by 100 yuan / ton, and the mainstream price was 7600 yuan / ton
    .

    Warehouse receipt inventory: exchange warehouse receipts reported 2066 lots, +0 lots within the day; In the historical median zone
    .
    Main position: The top 20 long positions in the main contract are 201518 lots, +5917 lots, short positions are 250710 lots, +9763 lots, and net positions are -49192 lots, net short increases
    .

    Summary: Crude oil prices stopped falling and recovered as the stock market rebounded, but OPEC's pessimistic expectations limited gains
    .
    Naphtha and ethylene prices continued to fall, weakening cost support
    .
    On the supply side, PE port inventories and PE two-barrel oil inventories continued to decline, easing inventory pressure to a certain extent, and it is expected that there is little downward space for prices
    .
    The downstream agricultural film market continued to have a light atmosphere, and demand did not change much
    .
    L2001 price volatility operation, the price between the Bollinger middle band and the lower band, the upper focus on the pressure around 7530, the lower focus on the support around 7380, the price is expected to remain weak and volatile, it is recommended that the short order in the hand can be held
    cautiously.

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