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Last week, PE futures fluctuated and fell, the decline slowed down over the weekend, the position and trading volume declined, the center of gravity of international crude oil and thermal coal futures shifted, cost support fell, downstream demand recovery slowly, PE oil and coal chemical inventories were high and digestion was slow, but oil-based LL profits continued to lose, inhibiting the decline in futures, focusing on crude oil and PE inventory changes
.
In the spot market, last week's PE spot market turned from rising to falling, the center of gravity of international crude oil and thermal coal futures shifted downward, Chen Ben support declined, PE factory prices were lowered, domestic PE device load reduction was limited, downstream demand recovered slowly, especially plastic futures fell significantly, suppressing the decline in spot market quotations, and the market trading atmosphere weakened
.
Cost and profit, last week Brent oil price center of gravity downward, oil chemical linear cost fell to around 9407, factory price fell to around 8850, profit loss of about
557.
Last week, the mainstream quotation of imported linear US dollars fell to 1190-1210, the converted RMB cost was 9250-9400, the mainstream of the market was 9250-9400, the import linear profit narrowed, some imported LL low-end quotations were 9000-9100, the high domestic linear price was 200-300, and the LL import window remained closed
.
In terms of operating rate, the production capacity involved in petrochemical maintenance rose to about 1.
8 million tons last week, the operating load fell to about 93.
3%, and the daily output of petrochemical fell to about
70,500 tons.
Among them, 1.
3 million tons of maintenance capacity is scheduled to be started up within the week, but it is rumored that due to profit loss, the load intention of Sinopec's PE plant will be lowered in the later period
.
Downstream demand, the overall operating load of agricultural film stopped falling and rebounded last week, and the downstream operating load gradually increased after the Lantern Festival, but some parts of North China were affected by the Winter Olympics to start construction low, but there is an expectation
of rising after the Winter Olympics.
Last week, the starting load of PE packaging film rebounded, and the downstream operating load gradually increased after the Lantern Festival, but some parts of North China were affected by the Winter Olympics and the start was low, but there is an expectation of an
increase after the Winter Olympics.
