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PE: How to decipher the weak in April?

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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It is not an exaggeration to describe the rebound of the polyethylene market in April as "a flash in the pa.

product name	brand	April 1	April 29	ups and downs
LDPE	Shanghai Petrochemical Q281	9700	9600	-100
LDPE	Yangtze BASF 2426H	9450	9300	-150
LLDPE	Zhenhai Refinery 7042	8800	8550	-250
LLDPE	Shanghai SECCO LL0220KJ	8850	8600	-250
HDPE	Daqing Petrochemical 5000S	9700	9600	-100
HDPE	Fushun Petrochemical 2911	9000	8900	-100

product name	brand	April 1	April 29	ups and downs
LDPE	Shanghai Petrochemical Q281	9700	9600	-100
LDPE	Yangtze BASF 2426H	9450	9300	-150
LLDPE	Zhenhai Refinery 7042	8800	8550	-250
LLDPE	Shanghai SECCO LL0220KJ	8850	8600	-250
HDPE	Daqing Petrochemical 5000S	9700	9600	-100
HDPE	Fushun Petrochemical 2911	9000	8900	-100

Product Name Brand April 1 April 29 Changes LDPE Shanghai Petrochemical Q281 9700 9600 -100 LDPE Yangzi BASF 2426H 9450 9300 -150 LLDPE Zhenhai Refinery 7042 8800 8550 -250 LLDPE Shanghai Secco LL0220KJ 8850 8600 -250 HDPE Daqing Petrochemical 5000S 9700 9600 -100 HDPE Fushun Petrochemical 2911 9000 8900 -100 Product Name Brand April 1 April 29 Changes Product Name Product Name Brand April 1 April 1 April 1 April 29 April 29thApril 29 ups and downs _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2426H Yangtze BASF 2426H 9450 9450 9450 9300 9300 9300 -150 -150 -150 LLDPE Zhenhai Refinery 7042 8800 8550 -250 LLDPE LLDPELLDPE70427042 8800 8800 8800 8550 8550 8550 -250 -250 -250 LLDPELL0220KJ 8850 8600 -250 LLDPE LLDPE LLDPELL0220KJLL0220KJ 8850 8850 8850 8600 8600 8600 -250 - 250 -250 HDPE Daqing Petrochemical 5000S 9700 9600 -100 HDPE HDPE HDPE Daqing Petrochemical 5000S Daqing Petrochemical 5000S 9700 9700 9700 9600 9600 9600-100 -100 -100 HDPE Fushun Petrochemical 2911 9000 8900 -100 HDPE HDPE HDPE Fushun Petrochemical 2911 Fushun Petrochemical 2911 9000 9000 9000 8900 8900 8900 -100 -100 -100

Price list of some PE grades in China Plastics City (unit: RMB/ton)

Due to poor demand, it is a foregone conclusion that transactions will be light before the "May 1st" holid.

Upstream: International crude oil: The crude oil market is currently heading for a cooling-off period after the madne.

Supply: There were not many domestic polyethylene plant overhaul companies in M.

Petrochemical: The current petrochemical inventory has dropped to less than 900,000 tons, but it is still at a high lev.

Futures: As more and more downstream factories enter the field of futures spot hedging, its guiding role for spot spot is also getting stronger and strong.

Demand: In May, the traditional off-season of the plastic products industry came, and the start of agricultural film and shed film gradually declined, and most of them went into shutdown state or maintenan.

To sum up, in May, the contradiction between market supply and demand was promine.

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