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LLDPE market quotes fluctuate and traders are confused

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

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crude price

iso 100 oil

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On February 27, the overall major LLDPE markets in China did not change much
.
Linear futures opened low and weakened, some petrochemical adjusted prices at the end of the month, the market trading atmosphere was relatively light, and merchants mostly accompanied the market to ship
.
Terminal demand is weak, the intention to replenish positions is not high, and the resistance of merchants to shipments is not reduced
.

LLDPE market

In terms of the spot market, the LLDPE market has a general trading atmosphere and a general business mentality
.
Downstream demand is slow to follow, and transaction is just
demanding.
The listing price of LLDPE in South China was raised individually, with 7042 (Fushun Petrochemical) up 50 yuan to 8850 yuan / ton, 7042 (Sichuan Petrochemical) up 100 yuan to 8900 yuan / ton, and 7042N (Lanzhou Petrochemical) up 50 yuan to 8900 yuan / ton
.
The listing price of LLDPE in the southwest of CNPC was stable, with 7042 (Dushanzi Petrochemical) reported 8650 yuan / ton, 7042 (Sichuan Petrochemical) reported 8650 yuan / ton, and 7042H (Lanzhou Petrochemical) reported 8750 yuan / ton
.
CNPC East China LLDPE pricing was stable, with 7042 (Jilin Petrochemical) at 8850 yuan/ton, 7042 (Daqing/Dushanzi) at 8800 yuan/ton, and 7042N (Fushun/Sichuan) at 8800 yuan/ton
.

Higher crude oil prices and higher linear futures do not seem to have had an impact
on the LLDPE market.
Most traders are confused and cautious in order to make a move
.
The actual amount of goods received by downstream factories is still limited, and they are purchased as they are used, and basically no inventory
is available.
It is expected that the LLDPE market may be in a narrow consolidation range in the near future
.

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