PE prices resume rally and lack of upward momentum

Today's main contract L2105 of Dalian Commercial Exchange opened at 7750 yuan / ton, the highest intraday touched 7790 yuan / ton, the lowest down 7670 yuan / ton, closed 7680 yuan / ton, down 70 yuan / ton, down 0.
90%.

Total lots 277619 lots, 250332 positions
.

Spot market: Today's domestic PE market is running
strongly.
In terms of petrochemicals, the East China high-pressure part of petrochemical in East China rose by 100-400 yuan / ton; Petrochemical high pressure in North China rose by 100-300 yuan / ton, and some products of CNPC were sold at a markup; The high pressure of oil in the northeast rose by 100 yuan / ton; In the southwest region, the high pressure of China Oil increased by 50 yuan / ton, and the low pressure part increased by 50 yuan / ton; The petrochemical high pressure part in central China rose by 100-300 yuan / ton, the low pressure decreased by 50 yuan / ton, and the linear increase was 50 yuan / ton; The low-pressure part of medium oil in South China rose by 50 yuan / ton, and the linear general increase was 100 yuan / ton; The high-pressure part of the oil industry in the northwest region rose by 100-150 yuan / ton, and the linear increase was 50 yuan / ton; The rest are stable
for the time being.

The petrochemical factory part was raised, the futures opened and fell, the cautious wait-and-see mentality in the market was dominant, the enthusiasm of downstream inquiries and goods was general, merchants' shipments were flat, and the real market focused on negotiation
.
Up to now, the quotation of LLDPE in North China is 7800-8000 yuan / ton, the quotation of LLDPE in East China is 7730-7950 yuan / ton, and the quotation of LLDPE in South China is 7900-8100 yuan / ton
.
Recently, under the continuous upward trend of crude oil prices and PE demand, PE prices have resumed their upward trend, but considering that supply pressure is gradually emerging, and demand is showing signs of weakening, PE or upward momentum in the later period is insufficient, so Zhongyu expects that the short-term domestic PE will be weak
.