Market confidence is not good Polyethylene futures open low and run weakly

On Thursday, the main contract L2105 of Dalian Commercial Exchange opened at 7625 yuan / ton, the highest intraday touched 7745 yuan / ton, the lowest down 7580 yuan / ton, closed at 7590 yuan / ton, down 110 yuan / ton, down 1.
43%.

Total lots 337962 lots, 253837 positions
.

Spot market: the domestic PE market is weak and narrow during
the day.
In terms of petrochemicals, the linear part of petrochemicals in East China was reduced by 100 yuan/ton, the high-pressure part was reduced by 100-700 yuan/ton, and the high-pressure/linear guidance price of CNPC was reduced by 100 yuan/ton; Some products of CNPC in North China implement a batch policy; The petrochemical high-pressure part in central China was adjusted by 100-200 yuan/ton, the low-pressure part was reduced by 50-100 yuan/ton, and the linear part was reduced by 50-100 yuan/ton; In southwest China, the high pressure part of medium oil was reduced by 200 yuan / ton, and the low pressure was reduced by 200 yuan / ton; The petrochemical low-pressure part in South China was reduced by 100 yuan / ton, and the medium oil high pressure was mostly reduced by 100 yuan / ton; The rest are stable
for the time being.

Futures opened low and rushed unsuccessfully after the shock declined, petrochemical factory part of the price reduction, downstream procurement enthusiasm is not high, market trading confidence performance is not good, traders are eager to ship arbitrage, it is expected that short-term domestic PE weakness dominated
.
Up to now, the quotation of LLDPE in North China is 7670-8000 yuan / ton, the quotation of LLDPE in East China is 7670-7950 yuan / ton, and the quotation of LLDPE in South China is 7700-8050 yuan / ton
.