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On February 25, the domestic LLDPE market price fluctuated in a narrow range, and some prices were slightly higher
.
Linear futures opened higher and rose, giving the market some support, and some merchants slightly overreported
.
The enthusiasm of downstream inquiry is general, and the procurement is the mainstay, and the real transaction has not changed much
.
Crude prices rose on Wednesday, with light sweet crude futures for April delivery on the New York Mercantile Exchange up 28 cents, or 0.
9 percent
, at $32.
15 a barrel.
Brent crude futures on ICE Eurex rose $1.
14, or 3.
4 percent
, to $34.
41 a barrel.
On Wednesday (February 24), the Asian ethylene market price was stable, and the CFR Northeast Asia price held steady to close at 959.
5-961.
5 US dollars / ton; CFR Southeast Asia prices held steady at $954.
5-956.
5/mt
.
In the spot market, LLDPE market quotations fluctuated
in a narrow range.
Demand continued to be flat, and the real transaction was a single talk
.
The listed price of CNPC South China LLDPE market was stable, with 7042 (Fushun Petrochemical) reported 8850 yuan / ton, 7042 (Sichuan Petrochemical) reported 8800 yuan / ton, and 7042N (Lanzhou Petrochemical) reported 8800 yuan / ton
.
The pricing of the LLDPE market of CNPC East China was stable, with 7042 (Dushanzi) reported 8800 yuan / ton, 7042 (Jilin Petrochemical) reported 8850 yuan / ton, and 7042H (Lanzhou Petrochemical) reported 9000 yuan / ton
.
CNPC North China LLDPE market pricing is stable, 7042 (Daqing) reported 8800 yuan / ton, 7042N (Lanzhou Petrochemical) reported 8800 yuan / ton, 0209AA (Dushanzi Petrochemical) reported 8800 yuan / ton
.
The overall purchasing intention of downstream factories is weak, and they do not want to build positions when the trend of raw material markets is not clear, so large transactions are still rare
.
Traders are still cautious in operation and pay more attention to
the movements and measures of petrochemical companies.
It is expected that the LLDPE market may be a narrow consolidation market in the near future, and the possibility
of a local upward rise is not excluded.
