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Near the end of the month, the overall trend of the three major varieties of PE spot is still weak, of which the ex-factory price of LDPE in East China is still being lowered, with a single-day decline of 0.
45% on the 30th, and LLDPE and HDPE in East China are generally stable, but market quotations have declined
.
Here's a look:
At the end of the month, the three major markets of PE spot continued to be weak, of which the LDPE market was the most obvious, the ex-factory price of petrochemical enterprises fell, and the ex-factory price of LLDPE and HDPE remained mostly stable
.
With the arrival of the May Day holiday, upstream enterprises actively go to inventory, but because the downstream agricultural film is in the off-season of demand, the terminal is cautious in taking goods, and more needs to replenish, the overall market transaction atmosphere is weak, and the overall trend of spot goods is stable and falling
.
Liansu futures have recently fluctuated and fallen, bringing limited
benefits to the spot market.
On April 30, polyethylene futures 2109 opened at 8170, the highest price was 8230, the lowest price was 8015, the closing price was 8040, the previous settlement price was 8170, the settlement price was 8100, down 130, down 1.
59%, the trading volume was 485376, the position was 351689, and the daily increase was 8884
.
(Quotation: yuan/ton)
In terms of demand, downstream agricultural film is still in the off-season, the market operating rate continues to decline, pipes and packaging film are expected to grow slightly, and the downstream may enter the market after the holiday to replenish.
On the whole, it is expected that the price of PE spot market may rise slightly after the holiday, but the magnitude may be limited
.
