PE: short-term profits and gold nine may fade

In August, the domestic polyethylene atmosphere was sluggish, and the market fell main.

product name	brand	August 1	August 29	ups and downs	Average price year-on-year
LDPE	Shanghai Petrochemical Q281	8600	8450	-150	-36%
LDPE	Daqing Petrochemical 2426H	8600	8500	-100	-13%
LLDPE	Daqing Petrochemical 7042	7900	7500	-400	-25%
LLDPE	Shanghai SECCO LL0220KJ	7850	7550	-300	-29%
HDPE	Daqing Petrochemical 5000S	9000	8600	-400	-24%
HDPE	Taiwan Plastic 9001	8850	8700	-150	-26%

Product name , brand , August 1 , August 29 , average price , year - on - year _ _ _ _ _ _ Shanghai Secco LL0220KJ 7850 7550 -300 -29% HDPE Daqing Petrochemical 5000S 9000 8600 -400 -24% HDPE Taiwan Plastics 9001 8850 8700 -150 -26 % Product Name Brand August 1st August 29th Average price change year-on-yearProduct nameProduct nameBrand brandAugust 1August 1August 1August 29August 29August 29 Changes Average price YoY Average price YoY LDPE Shanghai Petrochemical Q281 8600 8450 -150 -36 % LDPE LDPE LDPE Shanghai Petrochemical Q281 Shanghai Petrochemical Q281 8600 8600 8600 8450 8450 8450 -150 -150 -150 -36% -36% -36% LDPE Daqing Petrochemical 2426H 8600 8500 -100 -13% LDPE 2426H LDPE Daqing Petrochemical LDPE 2426H8600 8600 8500 8500 8500 -100 -100 -13 % -13 % -13 % LLDPE Daqing Petrochemical 7042 7900 7500 -25 % LLDPE LLDPE LLDPE Daqing Petrochemical 7042 7042 7900 7500 7500 7500 7500 -400- 400 -400 -25% -25% -25% LLDPE Shanghai Secco LL0220KJ 7850 7550 -300 -29% LLDPE LLDPE LLDPE Shanghai Secco LL0220KJ Shanghai Secco LL0220KJ 78507850 7850 7550 7550 7550 -300 -300 -300 -29% -29% -29% HDPE Daqing Petrochemical 5000S 9000 8600 -400 -24% HDPE HDPE HDPE Daqing Petrochemical 5000S Daqing Petrochemical 5000S 9000 9000 -400 8600 9000 9000 860 -400 -24% -24% -24% HDPE Taiwan Plastic 9001 8850 8700 -150 -26% HDPE HDPE HDPE Taiwan Plastic 9001 Taiwan Plastic 9001 8850 8850 88508700 8700 8700 -150 -150 -150 -26% -26% -26%

The Golden Nine, which most practitioners have been eagerly awaiting, is coming, but the actual effect is not as good as before, and the effect is minim.

Weakening of plastic cost support

Weakening of plastic cost support

International crude oil prices fluctuated downward in August, and seasonal weakness has arriv.

The external market is under obvious pressure

The external market is under obvious pressure

Affected by the weak downstream demand, the buying enthusiasm in the Asian polyethylene market was not good, and the sellers cut prices to ease the pressure on shipmen.

Supply is expected to increase

Supply is expected to increase

In September, the Dushanzi Petrochemical and Shenhua Xinjiang units were facing the start of operati.

Downstream stocking is not active

Downstream stocking is not active

Although the downstream will usher in the traditional peak consumption season of "golden nine and silver ten", due to the impact of the trade war, military parades and environmental protection, this year's downstream factory orders are lower than in previous years, the overall startup load of the company is lower than the same period last year, and the downstream demand for raw materials is just as necessary to purcha.

To sum up, in September, the domestic polyethylene market is short and short, and the key to whether the market outlook can rebound depends on the cost and dema.