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On Tuesday, the domestic PE spot market fell as a whole, of which the linear part fell by 50-100 yuan / ton, the high pressure fell 50-200 yuan / ton, and the low pressure fell steadily by 50-100 yuan / ton
.
Intraday futures opened low, coupled with the suppression of some petrochemical price reduction promotion policies, traders lost support, flattening or inverting around 50 yuan / ton became the norm
.
The performance of the terminal is weak, the willingness to actively purchase is not high, and some of the low prices or low prices are mainly small orders to cover positions
.
In terms of news, on Tuesday, the domestic futures market closed mixed, black performance differentiation, bifocal is strong, iron ore fluctuates at a low level, chemicals are generally sluggish, non-ferrous metals are mostly red, and agricultural products are mostly green
.
Goldman Sachs said the Fed's rate hike will allow commodities to perform well
over the next few years.
The Fed's interest rate hike path is different from the past, which may also indicate that the performance of commodities will also be different from the past trend
of higher interest rate hikes.
China's demand for industrial metals is expected to slow down, driving lower commodity returns than before
.
In terms of crude oil, Saudi Arabia's oil minister al-Falih said that he would extend the production reduction agreement to the second half of this year or even longer, and Macron's election as French president is expected to stabilize the European economy, and international oil prices rose
after shocks 。 On Monday (May 8), the June 2017 futures settlement price of West Texas Light Oil on the New York Mercantile Exchange was $46.
43 per barrel, up $0.
21 / barrel, or 0.
5%, from the previous session, trading in a range of $45.
73-46.
98 per barrel; July 2017 Brent crude oil futures on the Intercontinental Exchange in London settled at $49.
34 per barrel, up $0.
24/barrel, or 0.
5%, from the previous session, trading in a range of $48.
48-$49.
92/barrel
.
During the day, the PE dollar market was narrowly consolidated, the decline slowed down, traders continued yesterday's offer, the real focus was on negotiation, the transaction center continued to shift, and the volume was not large
.
In terms of price, the low-pressure mainstream offer is 1080-1120 US dollars / ton, the linear price is 1070-1130 US dollars / ton, and the high pressure price is 1180-1220 US dollars / ton
.
At present, the market has a large difference between different traders, and there is a large
space for real negotiation.
Traders are highly motivated to ship, and downstream continues to purchase
just now.
PE dollar market recent price support is weak, although traders have reduced prices with it, but there is still a gap between the current market quotation and the transaction price, the later trader offer has continued to lower expectations, linear price or 1070-1120 US dollars / ton
.
