Analysis of the trend of domestic polyethylene market in June

First, manufacturers dynamic LLDPE

In June, equipment maintenance and repair manufacturers started work, Zhongyuan Petrochemical 200,000 tons of linear devices to drive on June 29, the new device to drive on June 25, producing 7050. Qilu Petrochemical's 140,000-ton/year high-pressure unit has completed its production plan this month. It is currently shutting down and is scheduled to drive next week. Lanzhou Petrochemical ethylene plant has been parked. It is expected that the drive time will be August 6, and the overall supply of the whole month will be sufficient. In terms of price, petrochemical manufacturers will reduce the listed sales price for the warehouses, and the average price will reach 200 yuan/ton. Monitoring, LLDPE decline in 0.93%, the end of the month quoted in the mainstream 9700-9900 yuan / ton.

Second, the market trend The domestic polyethylene market was slightly lower this month. Compared with the previous month, the decline slowed down significantly. At the beginning of the month, the PE market did not improve as predicted. The US crude oil inventories increased, the number of initial jobless claims increased, and economic growth slowed down. In addition, the Spanish banking industry is in trouble. The euro fell to its lowest level against the dollar in 23 months, and international oil prices continued to fall. Linear ** was dragged down by this shock, petrochemical manufacturers in order to row off the library have lowered the price of listed sales, the range reached up to 200 yuan / ton, the market bears a strong atmosphere, cautious operation, but the market did not appear to throw cargo phenomenon, wait and see Mostly. Economic instability at home and abroad, factory orders are decreasing day by day, terminal demand has not changed, and transaction resistance is large. Under the policy of restricting production quotas, although petrochemical stocks have decreased, but with the import volume, the supply of goods in the market has been sufficient, and the market has seen much improvement in resistance. At present, the price of LLDPE in North China is in the range of RMB 9800-10150/ton, that of East China LLDPE is RMB 9800-1000 yuan/ton, and that of South China is RMB 9600-9950/ton.

The monthly linear growth in the middle of the month, PE business mentality improved, some petrochemical manufacturers rose slightly, the market enquiry warmed up, most businesses tried to increase prices, especially linear, although the current downstream demand has improved, but the scale of procurement is still not The formation of the small single undertaking is still constraining the rise in the market. At present, North China LLDPE quoted at 9700-9900 yuan / ton, East China LLDPE offer 9700-9900 yuan / ton, South China LLDPE quoted at 9700-9850 yuan / ton.

At the end of the month, international crude oil prices fell sharply. The current WTI oil price has fallen below 80 US dollars/barrel. Near the end of the month, although the foreign economic environment continues to bearish, but the domestic market quotations have changed little, some petrochemical manufacturers have successively settled and sold out, and the market supply pressure has been reduced. Due to the lack of guidance factors, traders have mainly closed for a wait and see, and some have completed this month. Plan, market inquiry atmosphere deserted. Uncertain economic conditions coupled with the end-user demand have not significantly improved, and the industry is not optimistic about the outlook for the future market. At present, the price of LLDPE in North China is between 9800 and 10,000 yuan/ton, and the price of LLDPE in East China is 9750-9950 yuan/ton. The price of South China LLDPE is between 9800 and 9950 yuan/ton.

Third, the market outlook predicts that the negative atmosphere of the economic environment will continue to ferment. This will put pressure on the spot market for a long time. However, the cost factor will cause huge downward pressure. The rebound in LLDPE** market coupled with petrochemical monthly pricing sales and markups will affect the market cost. There is a certain amount of positive support, but it is still in the off-season for downstream demand, and the downstream demand for raw materials is limited. Business analyst Xue Jinlei expects the market to remain within a narrow range of fluctuations in the near future. In July, with the increase in the operating rate of plastic sheeting, polyethylene prices may not rule out rebound.