According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 7850.00 yuan / ton on January 31 and 8016.67 yuan / ton on February 9, with an increase of 2.12% and 1.69% compared with January 1.
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According to the data monitoring of business society, the average ex factory price of LDPE (2426h) in East China was 10712.50 yuan / ton on January 31 and 10837.50 yuan / ton on February 9, up 1.17% during the period and down 2.58% compared with January 1.
According to the data monitoring of the business association, the average ex factory price of HDPE (5000S) in East China was 8033.33 yuan / ton on January 31, and 8266.67 yuan / ton on February 9, with an increase of 2.90% and 1.22% compared with January 1.
In February, there were two small rises in the three major spot varieties, among which, HDPE in East China was the most obvious, with a rise rate of about 250 yuan / ton. The next is LLDPE in East China, with an increase rate of about 200 yuan / ton, and LDPE in East China has the smallest increase rate, about 150 yuan / ton.
Near the Spring Festival, the spot market is dominated by favorable factors, and the price rises slightly. The first is the upstream international crude oil, which went up continuously in February to the highest level in nearly a year. On the one hand, the extremely cold weather caused by the blizzard attack in the southeast of the United States led to a rapid rise in fuel heating demand. Moreover, recently, the organization of Petroleum Exporting Countries and its allies (OPEC +) have continued to effectively promote production reduction, which has brought a good supply side environment to oil prices. And in the past two weeks, the sharp decline of US commercial crude oil inventories has become a direct driver to stimulate the rise of oil prices. The rise of crude oil has brought some benefits to the market.
The second is the futures market. In February, Liansu futures rose significantly, which brought some support to the market. The petrochemical enterprises slightly increased the ex factory price, the cost support was acceptable, the business mentality was good, and the tentative high report was made. On the downstream side, near the Spring Festival holiday, the downstream enterprises have the intention to prepare goods before the festival, the enthusiasm to enter the market is good, and the mentality of manufacturers is relatively strong.
On February 9, the opening price of polyethylene futures 2105 was 8030, the highest price was 8075, the lowest price was 7925, the closing price was 7995, the former settlement price was 8040, the settlement price was 7985, down 45, down 0.56%, the trading volume was 292385, the position was 307343, and the daily increase was – 18100. (quotation unit: yuan / ton)
At present, the ex factory price of petrochemicals rises slightly, and the cost support is acceptable. However, with the arrival of the Spring Festival, the transportation in some areas is blocked, and the downstream factories have holidays one after another, and the operating rate is obviously declining. Although the petrochemical enterprises have a strong mentality and continue to adjust the ex factory price, the market transaction atmosphere is light, and the enthusiasm for entering the market is not high. At present, the upstream inventory has accumulated to a certain extent, and the downstream is in conflict with the high price. It is expected that the polyethylene market will be mainly consolidated after the festival or weak.
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