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Last week, the Liansu futures market rose in shock, bringing phased support
to the spot market.
On February 25, polyethylene futures 2205 opened at 8936, the highest price was 9032, the lowest price was 8751, the closing price was 8807, the previous settlement price was 8847, and the settlement price was 8889, down 40, or 0.
45%.
(Quotation: yuan/ton)
Near the end of the month, the overall trend of the three major domestic polyethylene spot prices was weak, and LLDPE and LDPE in East China showed a trend of first falling and then stabilizing during the week, and HDPE was mainly
running smoothly.
The ex-factory quotation of petrochemical enterprises is mainly adjusted in a narrow range, with a fluctuation range of 50-250 yuan / ton
.
The recent rise in the international crude oil market has brought some support
to the market in terms of cost.
On the supply side, although the number of maintenance companies has increased, the supply is still sufficient
.
In terms of demand, the operating rate of downstream enterprises has increased, but the overall demand of the market is still weak, and the trading atmosphere is limited
.
The polyethylene market was dominated by weak prices during the week
.
At present, although the number of maintenance enterprises has increased, the market supply is still relatively sufficient, and on the demand side, downstream factories have gradually recovered, but the demand has not met expectations
.
The international crude oil market is the main player, and the cost brings certain support
to the market.
It is expected that the PE spot market price will have limited room for decline in the short term, or be firm.
