Domestic polyethylene market price trend

On the 30th, the domestic polyethylene market continued to oscillate and the overall transaction volume was small. International crude oil fell overnight, ethylene monomer fell sharply, LLDPE** performance is poor, affected by this news, the spot market buyers are mostly holding their own currencies. However, the pricing of petrochemical companies at the end of the month has a certain role in supporting the market. Most traders are concerned about the new price policy in November. Mainstream price: LDPE yuan / ton, LLDPE yuan / ton.

Specifically, with the exception of some petrochemical HDPE individual quotes that continue to be lowered, most of the quoted prices remain steady. We are concerned about the new offer for petrochemicals in November and we do not rule out the possibility of continuing price cuts. The stable pricing of Guangzhou Petrochemical LLDPE: membrane material 7042 reported 10,450 yuan / ton, membrane material 2001 reported 10,500 yuan / ton. Zhongyuan Petrochemical LLDPE pricing is stable: 9050K reported 10,500 yuan / ton, 908 reported 10,500 yuan / ton, 7050 reported 10,500 yuan / ton. Tianjin United continues to produce 2650. Tianjin United LLDPE pricing is stable: 9020 reported 10,650 yuan / ton, 9085 reported 10,550 yuan / ton, 1820 reported 10,650 yuan / ton, 1875 reported 10,600 yuan / ton, 9004 reported 10,450 yuan / ton, 6010 reported 10,550 yuan / ton, 9030 reported 10,550 yuan / ton, 2650 reported 10,700 yuan / ton.

The market price in Changzhou was mainly stabilized. Near the end of the month, there was no pressure on merchants' inventory, and most of them would follow the market. Daqing 7042 reported 10,650 yuan / ton, Lanhua 7042H reported 10700-10750 yuan / ton, Zhenhai 7050 reported 10,700 yuan / ton. Quotes in Xiamen continued to be smooth, the atmosphere was dull, and some merchants were out of stock, waiting for a message. Fulian 7042 reported 10,450 yuan / ton, Fu refining 7050 reported 10,450 yuan / ton, Dushanzi 7042N reported 10,500 yuan / ton, Portland, 7042N reported 10,600 yuan / ton, Jihua 7042 reported 10,600 yuan / ton. Overall, the market in Tianjin remained stable, and the market was quietly closed. The Zhongyou 7042 reported 10500-10550 yuan/ton.

The upstream crude oil continued to fluctuate, and petrochemicals inventories became increasingly pressured. Downstream demand remained weak overall. It was difficult to boost the spot prices during the peak season. It is expected that the market outlook will remain weak and volatile.