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Weak plastic demand, technical pressure still exists
- Categories:Company News
- Time of issue:2021-05-25
(Summary description)The domestic PE market is mostly stable, the trading atmosphere continues to last week, and the overall transaction situation is not satisfactory. After the opening of the international crude oil market, the consolidation and downward trend were more obvious. LLDPE futures opened slightly lower and broke through the 10,300 yuan/ton mark again. The overall market macro outlook is relatively pessimistic. The price of LLDPE is relatively stable. Although there are many negative factors in the market, it is supported by the petrochemical’s pricing and sales strategy at the end of the month. The market is unlikely to see a sharp decline in the short term. The market is mostly consolidating, and the transaction is still relatively bleak. The spot price remained at RMB 10,100 to RMB 10,150 per ton. The price in East China and South China was relatively low, but still remained at RMB 10,000.
Weak plastic demand, technical pressure still exists
(Summary description)The domestic PE market is mostly stable, the trading atmosphere continues to last week, and the overall transaction situation is not satisfactory. After the opening of the international crude oil market, the consolidation and downward trend were more obvious. LLDPE futures opened slightly lower and broke through the 10,300 yuan/ton mark again. The overall market macro outlook is relatively pessimistic. The price of LLDPE is relatively stable. Although there are many negative factors in the market, it is supported by the petrochemical’s pricing and sales strategy at the end of the month. The market is unlikely to see a sharp decline in the short term. The market is mostly consolidating, and the transaction is still relatively bleak. The spot price remained at RMB 10,100 to RMB 10,150 per ton. The price in East China and South China was relatively low, but still remained at RMB 10,000.
- Categories:Company News
- Time of issue:2021-05-25 11:09
- Views:
The domestic PE market is mostly stable, the trading atmosphere continues to last week, and the overall transaction situation is not satisfactory. After the opening of the international crude oil market, the consolidation and downward trend were more obvious. LLDPE futures opened slightly lower and broke through the 10,300 yuan/ton mark again. The overall market macro outlook is relatively pessimistic. The price of LLDPE is relatively stable. Although there are many negative factors in the market, it is supported by the petrochemical’s pricing and sales strategy at the end of the month. The market is unlikely to see a sharp decline in the short term. The market is mostly consolidating, and the transaction is still relatively bleak. The spot price remained at RMB 10,100 to RMB 10,150 per ton. The price in East China and South China was relatively low, but still remained at RMB 10,000.
From the perspective of capital flow, the turnover rate on Monday was 276% and the turnover rate on Friday was 244%. The turnover rate increased slightly, the price fluctuated, and the long and short positions continued to confront each other.
From a fundamental perspective, the IEA released 60 million barrels of strategic oil reserves to ease the pressure of rising oil prices and the tight supply situation caused by the civil war in Libya, which led to the continued decline of crude oil prices. This move is undoubtedly aimed at alleviating inflation and providing attractiveness to the U.S. dollar. To stabilize the dominance of the dollar. The macro-level impact is not optimistic, and the demand side continues to be weak. At present, solar film has entered the peak season, but the stocking intention is sluggish. The mentality of buying up and not buying down has not been reversed. Only a small number of film factories that have received orders can increase the operating rate of 50%. Some membrane factories only maintain a 30% operating rate. In the early stage, it was a game between supply and demand. At present, it is a game between macro and demand. Under the situation of macro uncertainty and demand that cannot be effectively followed up, petrochemical pricing has only played a role in supporting futures, but it has squeezed the expected demand value. Out effect.
From a technical point of view, crude oil prices have short-term support above US$90, and it is relatively unlikely that crude oil prices will continue to fall sharply in recent days. Liansu's price was supported, but from the closing price, the price continued to decrease. Although the range was limited, the trend was strong. It is expected that today's futures prices will create new lows, and the possibility of opening higher and lower prices is high.
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Weak plastic demand, technical pressure still existsThe domestic PE market is mostly stable, the trading atmosphere continues to last week, and the overall transaction situation is not satisfactory. After the opening of the international crude oil market, the consolidation and downward trend were more obvious. LLDPE futures opened slightly lower and broke through the 10,300 yuan/ton mark again. The overall market macro outlook is relatively pessimistic. The price of LLDPE is relatively stable. Although there are many negative factors in the market, it is supported by the petrochemical’s pricing and sales strategy at the end of the month. The market is unlikely to see a sharp decline in the short term. The market is mostly consolidating, and the transaction is still relatively bleak. The spot price remained at RMB 10,100 to RMB 10,150 per ton. The price in East China and South China was relatively low, but still remained at RMB 10,000. - Injection molding technology: Introduction to hot runner technology 05-25
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