According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 7850.00 yuan / ton on January 31 and 7983.33 yuan / ton on February 3, up 1.70% during the period and 1.27% compared with January 1.
According to the data monitoring of business society, the average ex factory price of LDPE (2426h) in East China was 10712.50 yuan / ton on January 31, and 10812.50 yuan / ton on February 3, up 0.93% during the period, down 2.81% compared with January 1.
According to the data monitoring of business association, the average ex factory price of HDPE (5000S) in East China was 8033.33 yuan / ton on January 31 and 8200.00 yuan / ton on February 3, up 2.07% during the period and 0.41% compared with January 1.
In January, the three kinds of PE spot showed the trend of first falling and then rising. In 2021, the PE market continued the weak trend at the end of 2020, and in the first ten days of January, the whole market went down, but the three kinds of PE spot fell by different degrees. After the new year’s Day holiday, due to the overstocking of the two oil stocks, the market supply is sufficient, the ex factory prices of petrochemicals are mostly down, the terminals are mostly on the lookout, the traders are pessimistic, the market transaction atmosphere is not good, and the prices follow suit. In addition to the LLDPE market at the beginning of the month, the price of Liansu futures rose by a small margin, but the follow-up futures market also began to fall, the positive factors were not there, and the price began to weaken. According to the data monitoring of business association, in the first ten days of January, the decline of LDPE in East China was the most obvious, with a decline rate of about 400 yuan / ton. HDPE in East China fell by about 200 yuan / ton, while LLDPE in East China fell by the least, about 100 yuan / ton.
The three major spot varieties all stopped falling and rose in late January. In the latter half of the year, the linear futures market rose, which brought obvious boost to the market. The merchants tentatively raised their quotations, and the terminal inquiry enthusiasm improved. Affected by the Spring Festival, with the coming of the holiday, the downstream has entered the replenishment stage before the festival, the overall market transaction atmosphere has improved, the digestion of petrochemical inventory has been smooth, the supply of goods in the market is tight, the petrochemical has continuously increased the ex factory price slightly, the business mentality is better, and the high price is reluctant to sell.
At the end of January, Liansu futures rose sharply, bringing obvious benefits to the market. Petrochemical enterprises were stable and cost support was acceptable. Businesses continued to make tentative high reports. At the end of the month, petrochemical enterprises slightly increased their pricing in February. In February, most of the prices kept rising, there was little pressure on the supply side, the overall inventory of production enterprises was at a low level, some of the supply sources were tight, and the market price was relatively firm.
On February 3, the opening price of polyethylene futures 2105 was 7880, the highest price was 7995, the lowest price was 7835, the closing price was 7980, the former settlement price was 7860, the settlement price was 7905, up 120, or 1.53%, the trading volume was 307188, the position was 321199, and the daily increase was 22041. (quotation unit: yuan / ton)
In February, the overall trend of Liansu futures market was weak, which brought Limited benefits to the spot market. At present, although some petrochemical enterprises slightly increase the ex factory price, the market transaction atmosphere is general. The Spring Festival is coming, and the demand for terminal replenishment is basically over before the festival. At present, the enthusiasm for entering the market is general. In the later stage, with the downstream factories having a holiday, the market demand gradually weakens, the merchants’ mentality is damaged, and some market prices are loose. It is expected that the polyethylene market will be dominated by weak consolidation in the short term.
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