Summary of PE Market in China on Aug. 19

2019年08月20日09:45 来源：无

PE market price shocks, individual slight loosening, North China low-pressure individual wire drawing and injection molding dropped 50 yuan/ton, individual membrane material loosened 20-50 yuan/ton; East China individual high-pressure loosening 50 yuan/ton, low-pressure individual hollow drop 50 yuan/ton; South China partial linear and high-pressure loosening 50 yuan/ton, low-pressure individual injection molding loosening 50 yuan/ton. Linear futures have a low start, some petrochemical companies have lowered their ex-factory prices. The market atmosphere is light. Businessmen offer more along with them, and individual prices have been slightly loosened. Terminal receipt intention is cautious, on-demand procurement is the majority. The mainstream price of LLDPE in China is 7300-7650 yuan/ton.

Trend Forecast: Linear futures started to fluctuate at the beginning of the week, Petrochemical stocks accumulated over the weekend, some petrochemical companies lowered ex-factory prices, market turnover was light, some traders made small profit offers, downstream inquiries were light, and real transactions were limited. At present, there is no good macro news, and the recent market supply pressure still exists, while demand, industry start-up changes little, give limited market support. Expects that the domestic PE market will continue to be weak tomorrow, with the mainstream price of LLDPE between 7300 and 7600 yuan/ton.

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