According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8450.00 yuan / ton on September 12 and 8766.67 yuan / ton on September 22, with an increase of 3.75% and 6.26% compared with September 1.
According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11950.00 yuan / ton on September 12 and 12300.00 yuan / ton on September 22, with an increase of 2.93% and 7.61% compared with September 1.
According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8866.67 yuan / ton on September 12 and 9166.67 yuan / ton on September 22, with an increase of 3.38% and 4.76% compared with September 1.
In the past ten days, LDPE in East China rose periodically, HDPE rose first and then stabilized, LLDPE first opened and then fell, and the prices of the three PE spot varieties continued to rise as a whole. In the third week of September, most Petrochemical ex factory prices rose by 50-500 yuan / ton, with strong cost support. In addition, under the influence of “double control”, some coal chemical enterprises have load reduction expectations, which boosted the bullish sentiment of the market. The futures rose sharply on September 15 and 16, the market trading atmosphere was acceptable, the inventory decreased, the merchant mentality was good, and the spot market price mainly rose. Before the Mid Autumn Festival, only the factory quotation of LLDPE fell slightly, LDPE continued to rise after the festival, and the HDPE and LLDPE markets in East China remained stable for the time being.
The recent rise of Liansu futures has brought phased benefits to the spot market. On September 22, the opening price of polyethylene futures 2201 was 8750, the highest price was 8950, the lowest price was 8670, the closing price was 8870, the former settlement price was 8845, the settlement price was 8800, up 25, or 0.28%, the trading volume was 448521, the position was 326936, and the daily position was increased by – 8366. (quotation unit: yuan / ton)
At present, the futures market has increased, the overall rise and fall of petrochemical enterprises are mixed, the trading atmosphere in the market after the festival is general, the downstream mentality is cautious, and multi-dimensional holds replenishment on demand. Merchants’ quotations follow the market, and the firm offer focuses on a single discussion. Although the demand of downstream enterprises is in the peak season, but the orders are less than expected, in the future, the positive factors in the polyethylene market still exist. With the arrival of the National Day holiday and the double 11 e-commerce Festival, the downstream start-up growth is obvious, and the “double control” affects the fermentation. The parking and maintenance enterprises have growth expectations. It is expected that the PE spot market will fluctuate in a short or narrow range in the short term, and the above actors are still the main players in the long term.
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