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On March 7, the domestic LLDPE market price continued to rise
.
Linear futures fluctuated and declined after opening high, but most petrochemicals continued to raise factory prices, the market was supported, and merchants continued to follow the rise in shipments
.
The downstream is mainly based on just-needed procurement, and the replenishment is more cautious
.
U.
S.
crude futures rose for the third straight week on Friday, with light sweet crude futures for April delivery on the New York Mercantile Exchange closing up $1.
35, or 1.
35 percent, at $35.
92 a barrel, and London's Intercontinental Exchange (ICE) Brent crude futures up $1.
65, or 4.
5 percent
, at $38.
72 a barrel.
On Friday (March 4), the Asian ethylene market rose, CFR Northeast Asia rose by $85 to close at $1099.
5-1101.
5 / ton; CFR Southeast Asia rose $75 to settle at $1089.
5-1091.
5/mt
.
In the spot market, LLDPE market quotations were higher
.
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 100 yuan to 9100 yuan / ton, 7042 (Sichuan Petrochemical) up 100 yuan to 9100 yuan / ton, and 7042N (Lanzhou Petrochemical) up 100 yuan to 9100 yuan / ton
.
CNPC East China LLDPE market pricing was raised, with 8320 (Daqing Petrochemical) up 150 yuan to 9350 yuan / ton, 7042 (Jilin Petrochemical) up 50 yuan to 9100 yuan / ton, and 7042 (Fushun) up 50 yuan to 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
.
The major petrochemical regions have continuously raised the factory price, the cost supports the market, and the trader mentality is acceptable
.
However, in the face of a rapidly rising market, downstream factories generally replenish positions, mainly based on rigid demand, and the intention to follow the order is weakened
.
Under the supply and demand game, it is expected that the recent LLDPE market volatility will be the mainstay
.
