Analysis of HDPE price of plastic raw materials on

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Analysis on the price of plastic raw material HDPE on December 1

the use of long glass fiber composites has reduced the cost and weight of vehicles 1、 Market brief

pe market was sorted out in a narrow range, with more gains and less losses. At the beginning of the month, some petrochemicals raised their factory prices. Boosted by this, the market atmosphere was slightly improved compared with the previous period, and the price was in a slightly rising trend. Trade continues to strive for the great rejuvenation of the Chinese nation. The business mentality is more rational. Because the downstream demand side performance is still not ideal, most businesses are cautious about the future market

II. Brief introduction to the upstream market

crude oil prices fell on Monday, and light and low sulfur crude oil futures for delivery on the New York Mercantile Exchange in January next year fell 6 cents, or 0.1%, to $41.65 a barrel. Ice Brent crude oil futures fell 25 cents, or 0.6%, to $44.61 a barrel

on Monday (November 30), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia was stable, closing at 1054 5 dollars/ton; CFR Southeast Asia prices remained stable at 1054 5 dollars/ton

III. local market conditions

market quotation sorting. The demand continues to be flat, and the firm offer is a single deal

the PE market offer in Linyi market was partially upward, the inquiry was general, and the merchants' mentality of following the rise was ok, but they expressed a wait-and-see attitude towards the rise, and still followed the market and mainly shipped goods

consolidation of PE market price weakness in Xinjiang. At the beginning of the month, most of them have the intention to support the price. 13. Under caution, active shipment is still the mainstream

the PE price in Qingdao market fluctuated in a narrow range. In the morning news game, the intention of petrochemical enterprises to support the price at the beginning of the month was ok, but the terminal procurement was cautious, and most traders adjusted the price appropriately to ship

IV. in terms of the latest quotation

1. PetroChina quotation

the pricing of HDPE in East China was increased, 8008 (Dushanzi Petrochemical) was reported as 8650 yuan/ton, 5000S (Lanzhou Petrochemical) was increased by 100 yuan to 9000 yuan/ton, and 2911 (Fushun Petrochemical) was increased by 100 yuan to 8800 yuan/ton

CNPC North China HDPE pricing is stable, with 8920 (Dushanzi Petrochemical) at 8000 yuan/ton, 7750m (Fushun Petrochemical) at 8650 yuan/ton, and 2480 (Daqing Petrochemical) at 8520 yuan/ton

the listing price of HDPE in South China of CNPC increased, 5502 (Dushanzi Petrochemical) to 8650 yuan/ton, 2911 (Fushun Petrochemical) increased by 100 yuan to 8700 yuan/ton, and 8008 (Daqing Petrochemical) increased by 200 yuan to 8300 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot was mixed, with a range of yuan/ton, of which 5502bn/Saudi Arabia was the lowest reported at 9000 yuan/ton (up 150), 7000f/Iranian Petrochemical was the lowest reported at 9100 yuan/ton (down 70), dmda-8008/Baofeng energy was the lowest reported at 8600 yuan/ton (up 400), Hd5502s/Wuhan Petrochemical reported a minimum of 9400 yuan/ton (rise, total energy, tortuous modulus, breakpoint displacement x% load, breakpoint load x% displacement, etc. 200)

v. aftermarket forecast

although most petrochemical enterprises' active price support policies have played a leading role in the market, and the traders' mentality has improved, they still need to be wary of risks in the aftermarket. First, the downstream factories are weak in receiving goods, and the transaction is in a long-term downturn. Second, the decline of international crude oil weakens the cost support. It is expected that the market is unlikely to improve completely in the short term

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