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In June, the domestic polyethylene market fell, the performance was generally weak, low pressure and high pressure decline was higher than linear, generally around 500 yuan / ton, the market atmosphere was relatively cold, and merchants held a wait-and-see attitude
.
First of all, the cost side is mainly bearish, and crude oil as a whole shows a unilateral decline, mainly at the end of the month
.
In the crude oil market, the Asian ethylene market also showed an overall decline, with CFR Northeast Asia falling by $70 month-on-month, closing at $95,935-961.
5 per ton
.
From the supply side, the petrochemical factory price is difficult to firm, the willingness to maintain the price is not strong, the price continues to decline, the negative effect on the market continues to amplify, the supply of goods is relatively stable, the current market is generally abundant, downstream replenishment of inventory is still continuing, but the replenishment of inventory is weakened, petrochemical inventory pressure is gradually emerging, manufacturers to inventory intention is obvious, especially high-pressure polyethylene, the early price is inflated, it is difficult to get out of the predicament
.
July is the stocking stage of the traditional agricultural film season, or form a certain support for spot prices, but in addition to film, other fields are difficult to have good expectations, it is expected that polyethylene in July has limited
upside.