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PE market quotations rise, traders follow up shipments

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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From the perspective of the previous trading day, the PE market quotation rose by 50-100 yuan / ton
.
CNPC North China and some coal enterprises raised linear factory prices, boosting the mentality of spot longs, traders followed up shipments, buyers were generally enthusiastic about receiving goods, market transactions were mainly concentrated at low-end prices, and the afternoon futures fell to suppress the rise of the spot market
.

PE market

In crude oil, TI crude for August futures closed up $0.
50 at $44.
74 a barrel
.
Brent crude for September futures closed up $0.
66 at $47.
31 a barrel
.
The ex-factory price of LLDPE in North China was increased by 100 yuan / ton
.

Qilu Petrochemical's 650,000 tons/year PE plant is about to start, while the new maintenance equipment is small, the market demand performance is average, and the weak supply and demand fundamentals drag down the pace of plastic futures rebound, which is difficult to stimulate traders
' speculative enthusiasm.

It is expected that there is still room for growth in low-end quotations in the PE market today, and there is greater
resistance to high-end quotations.

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