The domestic polyethylene market still has room to fall

Spot market: the domestic PE market is weak adjustment
during the day.
In terms of petrochemicals, the high pressure of CNPC in East China dropped by 50-300 yuan / ton, part of the guidance price was reduced by 50-100 yuan / ton, the high pressure part of Sinopec decreased by 100-300 yuan / ton, the linear general drop of CNPC in North China was 100 yuan / ton, the low pressure of Sinopec was parachuted by 100 yuan / ton, the high pressure of CNPC in Northeast China was reduced by 100 yuan / ton, the linear part of Sinopec in South China was reduced by 50-400 yuan / ton, the low pressure part was reduced by 100-200 yuan / ton, and the linear reduction of CNPC was 200 yuan / ton.
In central China, Sinopec's high pressure dropped by 100-200 yuan / ton, the low pressure part dropped 50-100 yuan / ton, and the low pressure part of China Oil in southwest China dropped by 100 yuan / ton, and the others were temporarily stable
.

Futures opened low and fell high, petrochemical prices continued to fall, traders offered low with the walk, downstream high resistance, just need to buy, real order negotiation
.
Up to now, the quotation of LLDPE in North China is 7540-7900 yuan / ton, the quotation of LLDPE in East China is 7750-8000 yuan / ton, and the quotation of LLDPE in South China is 7700-8050 yuan / ton
.
Affected by the domestic epidemic, Hebei logistics and transportation are restricted, the circulation of surrounding sources is blocked, some downstream enterprises may have early holiday expectations, the overall market demand is weakening, while domestic petrochemical prices continue to fall, futures are weak, the polyethylene spot market is full of bearishness, and it is expected that tomorrow's domestic polyethylene market still has room
to fall.