PE spot three varieties in February after experiencing a sharp rise in the market, March will enter the stage of consolidation after the rise. On the whole, the three major PE spot varieties were first high and then low in March. Among them, LLDPE in East China fell more than rose, with a decrease of 3.33% in March. LDPE and HDPE in East China rose more than fell, with a small increase in March as a whole. Here are the details:
According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 9000.00 yuan / ton on March 1 and 8700.00 yuan / ton on March 29, with a decrease of 3.33% in March and an increase of 8.98% compared with February 1.
According to the data monitoring of business association, the average ex factory price of LDPE (2426h) in East China was 12075.00 yuan / ton on March 1, and 12162.50 yuan / ton on March 29, with an increase of 0.72% in March, up 12.75% compared with February 1.
According to the data monitoring of the business association, the average ex factory price of HDPE (5000S) in East China was 9216.67 yuan / ton on March 1 and 9300.00 yuan / ton on March 29, with an increase of 0.90% in March and 13.88% compared with February 1.
It can be seen from the trend chart of business community that the overall trend of PE spot market in March can be divided into the first half of the month and the second half of the month. In the first half of the month, three kinds of PE spot continued the rising trend in February, and the overall center of gravity moved up. In the second half of the month, the three PE spot varieties all fell to varying degrees, among which LLDPE was greatly affected by the futures market, and the decline was the most obvious.
In the first half of the month, the overall small rise of PE market was the main, and the rise of three kinds of spot products was different, among which the increase of LDPE in East China was the most prominent. The overhaul of Maoming high-voltage device in March brought some support to the high-voltage market. In addition, the operating rate of agricultural film and plastic film increased significantly in March, and the increase of linear demand brought some support to the market. Secondly, the upstream enterprises went to the warehouse slightly, and the overall two barrel oil inventory was still low on a year-on-year basis. In terms of international crude oil, the main players in the first half of the month brought good results to the market. Spot three varieties have continued to rise in February, the focus continues to move up.
In the second half of the month, the overall PE market fell mainly. Except for Fushun Petrochemical in East China, which increased by 100 yuan / ton, other varieties decreased by 50-500 yuan / ton, among which LLDPE decreased the most. In the second half of the month, the futures market continued to fall, bringing some pressure on the spot market. Downstream, the film industry has gradually entered the off-season, and the plastic film market has not yet opened, market demand follow-up is insufficient. The ex factory quotation of petrochemical enterprises has declined, and the market trading atmosphere is poor. Merchants shipping blocked, more go with the market, let profit declaration. International crude oil fell in the second half of the month, which brought Limited benefits to PE market. Downstream mentality cautious, wait-and-see mood is strong, the terminal more on-demand to make up for the main, solid offer focused on a single talk.
The upstream ethylene external market rose first and then fell in March, and the recent external ethylene market as a whole showed a downward trend. As of the 25th, CFR Northeast Asia closed at US $1047-1055 per ton, and CFR Southeast Asia closed at US $992-1000 per ton. The price of ethylene market in Europe fluctuated and fell. As of the 25th, FD in northwest Europe closed at US $1219-1233 / T, CIF in northwest Europe closed at US $1199-1208 / T. The price of ethylene in the United States dropped slightly, reaching US $1216-1229 per ton as of the 25th. Recently, the market of ethylene in Europe, the United States and Asia showed a slight downward trend. Generally speaking, the external market of ethylene is cold and the market tends to go down.
On March 29, the opening price of polyethylene futures 2105 was 8645, the highest price was 8810, the lowest price was 8560, the closing price was 8605, the former settlement price was 8580, the settlement price was 8675, up 25, or 0.29%, the trading volume was 459785, the position was 255633, and the daily increase was 6117. (quotation unit: yuan / ton)
At the end of the month, the international crude oil rose slightly, and the futures market turned red, which was good for the market mentality. The two oil stocks are still at a low level year on year. In terms of demand, the operating rate of agricultural film has dropped due to seasonal influence, and the pipe materials and packaging film have improved. However, the mentality of the lower reaches is general, multi-dimensional holds replenishment on demand, and the enthusiasm for entering the market is not good. The operation rate of upstream enterprises continued to maintain a high level, and the output increased slightly. Overall, PE spot market has little room to fall, and it is expected to rise in April or shock.