June 6, 2022
According to the data monitoring of SunSirs, the average ex-factory price of LLDPE (7042) on May 1 was 9,000.00 RMB/ton, and the average price on May 30 was ,8888.33 RMB/ton. The decline in May was 1.24%, and it was down 4.22%compared with April 1.
According to the data monitoring of SunSirs, the average ex-factory price of LDPE (2426H) on May 1 was 11,750.00 RMB/ton, and the average price on May 30 was 11,300.00 RMB/ton. The decline in May was 3.83%, and it was down 4.64% compared with April 1.
According to the data monitoring of SunSirs, the average ex-factory price of HDPE (5000S) on May 1 was 9,866.67 RMB/ton, and the average price on May 30 was 9,850.00 RMB/ton. The decline in May was 0.17%, and it was unchanged compared with April 1.
In May, the domestic PE market was weak and downward as a whole, and the three major varieties in East China all fell to varying degrees. Among them, LLDPE and LDPE showed a trend of rising first and then falling, and the HDPE market fell first and then stabilized. In the month, the market was more negative than positive. The international crude oil price rose in May, and the cost side brought some support to the market. However, with the end of the overhaul of some manufacturers' installations, the market supply increased. In addition, with the arrival of the off-season, the terminal demand was weak, the downstream factories maintained on-demand replenishment, the market trading atmosphere was general, the petrochemical inventory was at a high level, and the overall price was mainly weak.
In May, the Dalian plastic futures market first fell and then rose, which brought periodic support to the spot market. On May 30, the opening price of PE futures 2209 was 8,794, the highest price was 8,880, the lowest price was 8,747, the closing price was 8,874, the previous settlement price was 8,796, the settlement price was 8,812, up 78, the trading volume was 381,533, the open interest was 326,296, and the daily Masukura was 20,345. (quotation unit: RMB/ton)
The current international crude oil prices are rising, and the cost side has brought some support to the market. However, affected by the off-season of demand, the terminal demand is weak, and the market supply is still expected to increase in the later period, and the negative factors in the market are still obvious. It is expected that the PE spot market may still weaken in June.
|Contact Person :||Mr. Karl Shen|
|Tel :||+86 15052152041|