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Trade Service
On March 8, prices in the main LLDPE markets in China were mixed
.
Linear futures opened low and fell, but some petrochemicals continued to rise, the market trading was chaotic, and merchants followed cautiously
.
Terminal demand continues to be weak, the enthusiasm for margin cover is weak, and it is difficult to improve the real transaction
.
International crude futures rose sharply on Monday, with NYMEX April WTI light sweet crude futures up $1.
98, or 5.
5%, at $37.
90 a barrel, and London's Intercontinental Exchange (ICE) May benchmark Brent crude futures up $2.
12, or 5.
5%,
at $40.
84 a barrel.
On Monday (March 7), the Asian ethylene market price was stable, and the CFR Northeast Asia price held steady to close at 1099.
5-1101.
5 US dollars / ton; CFR Southeast Asia prices held steady at $1089.
5-1091.
5/mt
.
In the spot market, LLDPE market quotations fluctuated
slightly.
Demand continued to be flat, and the real transaction was a single talk
.
The listing price of the LLDPE market of CNPC Southwest was raised, with 7042 (Dushanzi Petrochemical) up 50 yuan to 9150 yuan / ton, 7042 (Lanzhou Petrochemical) up 50 yuan to 9150 yuan / ton, and 7042N (Sichuan Petrochemical) up 50 yuan to 9150 yuan / ton
.
The pricing of the LLDPE market of CNPC East China was stable, with 8320 (Daqing Petrochemical) reported 9350 yuan / ton, 7042 (Jilin Petrochemical) reported 9100 yuan / ton, and 7042 (Fushun) reported 9050 yuan / ton
.
The pricing of CNPC North China LLDPE market was stable, with 7042 (Daqing) reported 9100 yuan / ton, 7042N (Lanzhou Petrochemical) reported 9100 yuan / ton, 0209AA (Dushanzi Petrochemical) reported 9100 yuan / ton
.
Crude oil rose, giving strong support to the market, coupled with petrochemical prices pulling up strong prices, raw material prices all the way up
.
Traders follow the rise and have no intention of giving profits to promotions
.
Although there is resistance in the current downstream, under the influence of the mentality of buying up and not buying down, the recent transaction is acceptable
.
Under the favorable gathering, the LLDPE market is expected to continue to fluctuate
at a high level.
