Polyethylene price rise in June “irresistible”

According to the monitoring of the business agency, LLDPE, LDPE and HDPE in East China showed an obvious upward trend in June. Among them, the trend of LLDPE in East China was twists and turns, while the trend of LDPE and HDPE was continuously rising. The overall trading atmosphere of the market in June was good. The rising range of the three major PE varieties was 250-900 yuan / T. among them, LDPE in East China was the most prominent, with a monthly increase of 8.09%.

 

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Average price range of regional varieties and specifications on June 1 to June 30

East China LLDPE 7042 6750.00 yuan / ton 6933.33 yuan / ton + 2.72%

LDPE 2426h 7725.00 yuan / ton ï¿¥ 8350.00 yuan / ton + 8.09% in East China

In East China, HDPE 5000S 7216.67 yuan / ton: 7783.33 yuan / ton + 7.85%

In June, the price of polyethylene market rose mainly, with an increase range of 250-900 yuan / ton. The main reasons for the increase are as follows: 1. The maintenance volume increased this month, and the market supply decreased. Some units of Maoming Petrochemical, Lanzhou Petrochemical, Fujian united and Dushanzi Petrochemical were shut down for maintenance, which brought benefits to local areas. According to the data, in June, the domestic polyethylene plant lost nearly 280000 tons due to maintenance; 2. The international oil price showed an upward trend, which was beneficial to the market mentality, and the raw material ethylene followed the rise, which brought obvious support to the PE market in terms of cost; 3. The strong performance of Liansu futures boosted the market mentality. However, affected by seasonal factors, the operating rate of agricultural film is about 15%, and the demand for plastic film is low season, the demand for greenhouse film is flat, and the terminal demand is general. However, on the whole, there were many positive factors in June. The petrochemical enterprises continuously raised the ex factory prices, and the merchants’ mentality was better. Most of them went with the market, and the prices were pushed up.

 

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Raw material ethylene market continued to rise in June, with an increase of 24.98%, which brought favorable support to the polyethylene market. As of July 26, CFR closed at $845-855 per ton in Northeast Asia and $785-795 in South East Asia. European ethylene market price rose, as of the 26th, the European ethylene market price was FD, northwest Europe closed at 720-730 US dollars / ton, CIF northwest Europe closed at 675-683 US dollars / ton. The price of ethylene in the U.S. rose to 275-293 U.S. dollars / ton as of the 26th. Generally speaking, the ethylene market in Europe and the United States is mainly on the rise. The demand of the whole ethylene market is better, and the trading atmosphere is active, and the rise is relatively sufficient.

 

At present, downstream factories are against high prices, and their mentality is more cautious. However, the maintenance season is not over, and some manufacturers’ equipment maintenance has brought support to local areas. The downstream gradually returned to work and production, the operating rate increased significantly compared with the previous period, and the market demand showed signs of recovery. Internationally, the trend of crude oil and ethylene is better, with some support in terms of cost, and the positive is greater than the negative. It is expected that the polyethylene market may still rise in July.

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