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LLDPE market quotation is weak and downstream demand performance is average

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

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On March 1, the main LLDPE market in China was mainly stable, and some of them were slightly adjusted
.
Despite the rise in international oil prices and the increase in pricing by some petrochemical companies at the beginning of the month, its impact on the market is limited, the key is that the demand side still shows no signs of improvement, and the sluggish transaction situation is unable to improve
.
Traders are helpless with the current situation, so they can only wait patiently for opportunities and operate
cautiously.

LLDPE market

In the spot market, LLDPE market quotations are mixed, terminal demand is flat, and procurement is the mainstay
.
The listing price of PetroChina South China LLDPE market was partially raised, with 7042 (Fushun Petrochemical) up 50 yuan to 8950 yuan / ton, 7042 (Sichuan Petrochemical) up 8900 yuan / ton, and 7042N (Lanzhou Petrochemical) up 100 yuan to 8950 yuan / ton
.
The listing price of the LLDPE market of CNPC Southwest was partially raised, with 7042 (Dushanzi Petrochemical) up 50 yuan to 8700 yuan / ton, 7042 (Sichuan Petrochemical) up 50 yuan to 8700 yuan / ton, and 7042H (Lanzhou Petrochemical) up 50 yuan to 8800 yuan / ton
.
CNPC East China LLDPE market pricing was raised, 7042 (Jilin Petrochemical) rose 100 yuan to 8950 yuan / ton, 7042 (Daqing/Dushanzi) rose 100 yuan to 8900 yuan / ton, 7042N (Fushun/Sichuan) rose 100 yuan to 8900 yuan / ton
.

Petrochemical enterprises have obvious intention to raise prices, forming a strong support
for the market.
Although the downstream wait-and-see mentality is strong, the rigid need still exists
.
It is expected that the LLDPE market may be in a narrow consolidation range in the near future
.

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