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Wait-and-see sentiment is strong The polyethylene market remains consolidated

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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The main linear price of polyethylene fell before noon today, with a range of -1.
32%, with the highest 7900 yuan / ton and the lowest 7715 yuan / ton
.

polyethylene

Today's crude oil, the market's concerns about inflation caused the global stock market to fall, the growth of US commercial crude oil inventories, coupled with the still severe epidemic in some countries, international oil prices fell
sharply.
NYMEX crude oil futures 06 contract 63.
36 fell $2.
13 / barrel; ICE oil futures 07 contract 66.
66 fell $2.
05 per barrel
.
China's INE crude oil futures main contract 2107 fell 5.
2 to 427.
5 yuan / barrel, and fell 16.
8 to 410.
7 yuan / barrel
in overnight trading.

In terms of the market, the polyethylene market fell this morning, and the price of the main regional opening line fell by 50-150 yuan / ton
.
Most of the merchants' offers moved down, and the market transaction was cold
.
As of the noon close, the price fluctuation range in the North China market was 70-250 yuan / ton; East China market fluctuation range of 50-150 yuan / ton; The fluctuation range of the South China market is 50-100 yuan / ton
.

Recently the raw material vinyl acetate trend volatility, cost support is still there, the current plant load rate is not high, the supply side is supported, but the demand side is cautious in the market, on-demand procurement is the mainstay, the wait-and-see mood is strong, and the market trend of polyvinyl alcohol remains consolidated
.

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