According to the data monitoring of the business agency, the average ex factory price of LLDPE (7042) in East China was 8316.67 yuan / ton on August 29 and 8250.00 yuan / ton on September 3, with a decline of 0.80% during the week and an increase of 7.14% compared with the same period last year.
According to the data monitoring of the business agency, the average ex factory price of LDPE (2426h) in East China was 11350.00 yuan / ton on August 29 and 11337.50 yuan / ton on September 3, with a decline of 0.11% during the week and an increase of 9.67% compared with the same period last year.
According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8750.00 yuan / ton on August 29 and 8750.00 yuan / ton on September 3. The price was stable during the week, up 1.74% compared with the same period last year.
The overall trend of the three PE spot varieties this week was weak. HPDE in East China operated smoothly during the week, LLDPE prices decreased by a narrow margin, LDPE prices fell first and then rose, but the fluctuation range of the spot market was limited. Most Petrochemical ex factory prices fell this week, with weak cost support, ranging from 50-200 yuan / ton. The downstream maintains replenishment on demand, the market trading atmosphere is depressed, the merchant mentality is poor, the negotiation mode is continued, and the market quotation rises and falls. The high voltage is affected by the shutdown and maintenance of Shenhua Yulin, the market supply is limited, and the price has increased.
In the upstream ethylene market, the external ethylene market has shown an overall upward trend recently. Asian ethylene market prices continued to rise. As of the 3rd, CFR Northeast Asia closed at US $1006-1016 / ton and CFR Southeast Asia closed at US $986-996 / ton. European ethylene market prices fluctuated and consolidated. As of the 3rd, FD northwest Europe closed at US $1212-1222 / T and CIF northwest Europe closed at US $1136-1144 / T. The price of ethylene in the United States fluctuated and rose. As of the 3rd, the price was US $1026-1044 / T. recently, the overall external ethylene market showed an upward trend, and the recent fluctuation of ethylene in Europe was not large. Ethylene rose periodically in Asia. Generally speaking, the demand of the whole ethylene external market is general recently, the market trading atmosphere is OK, and the ethylene market rises slightly.
Liansu futures fell first and then rose this week, bringing phased benefits to the spot market. On September 3, the opening price of polyethylene futures 2201 was 8280, the highest price was 8390, the lowest price was 8280, the closing price was 8375, the former settlement price was 8160, the settlement price was 8340, up 215, or 2.63%, the trading volume was 424181, the position was 311256, and the daily position was increased by 22516（ Quotation unit: yuan / ton)
In terms of current market supply, there is expected to increase in the later stage. In terms of demand, the downstream market entry is general, the terminal takes goods on demand, and the merchant mentality is poor. However, the trend of the futures market is rising, and the demand for agricultural film is expected to increase in the later stage. In the future, it is expected that the PE spot market will fluctuate upward.
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