The PE market performed flat, and the market continued to fall during the session

U.
S.
crude inventories rose for seven consecutive weeks, production increased to an all-time high, and WTI fell
for eight straight days.
On Wednesday (November 7), the December 2018 futures settlement price of West Texas Light Oil on the New York Mercantile Exchange was $61.
67 per barrel, down $0.
54, or 0.
9%, from the previous session, trading in a range of $61.
2-63.
18; the January 2019 futures of Brent crude oil on the Intercontinental Exchange in London settled at $72.
07 per barrel, down $0.
06, or 0.
1%, from the previous session, trading in a range of $71.
36-$73.
55
。

The ex-factory price of petrochemical is mainly stable, and some grades are adjusted, which is basically reduced
.
PE/>LLDPE two or three grades are reduced by 50-100 yuan / ton; Some HDPE grades are reduced by 100-300 yuan / ton, and individual grades are increased by 200 yuan / ton; A few LDPE grades were lowered by 100 yuan / ton
.
Recent conversion of some PE devices:

Plastic City LLDPE is mainly stable, and the quotation of a few grades is adjusted by 5-100 yuan / ton; Some grades of HDPE in Plastic City fell by 25-300 yuan / ton, and individual grades rose by 20 yuan / ton; Plastic City LDPE minority grades are adjusted by 10-100 yuan / ton; Zhejiang Plastics Mall HDPE, LDPE and LLDPE remained stable as a whole;

The performance of the PE market is still not satisfactory, and the market shows a volatile downward trend
.
The main reason is that in addition to maintaining procurement, downstream factories are weak in willingness to replenish positions, resulting in the fact that it is always difficult to effectively increase
transactions.
In addition, crude oil, external disk, and petrochemical continue to fall, putting pressure on the market mentality, and traders are pessimistic, and letting profits go is the current mainstream operation
.
Zhejiang Plastic Market expects that the short-term PE market may continue to be weak
.