In August, the center of gravity of the three major varieties in the spot market of polyethylene moved up as a whole. The ex factory price of LDPE increased significantly due to the shortage of goods. The high-pressure varieties increased by 9.99% in the month, ushering in the peak since 2020. The LLDPE and HDPE markets are dominated by this positive. At present, downstream demand is gradually improving, manufacturers’ orders are increasing, and the overall trading atmosphere of spot markets is improving.
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According to the data of business agency, the average ex factory price of LDPE (2426h) in East China was 8637.50 yuan / ton on August 1 and 9500.00 yuan / ton on August 31, up 9.99% and 18.56% compared with January 1.
According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 7166.67 yuan / ton on August 1 and 7400.00 yuan / ton on August 31, up 3.26% and 0.68% compared with January 1.
According to the data monitoring of the business agency, the average ex factory price of HDPE (5000S) in East China was 8100.00 yuan / ton on August 1 and 8400.00 yuan / ton on August 31, with an increase of 3.70% during the period and 6.11% higher than that on January 1.
Regional varieties and manufacturers rose and fell from August 1 to August 31
East China LLDPE 7042 Jilin Petrochemical Company 7150 yuan / ton 7450 yuan / ton + 300 yuan
East China LLDPE 7042 Daqing Petrochemical Company 7150 yuan / ton 7450 yuan / ton + 300 yuan
East China LLDPE 7042 Dushanzi Petrochemical Company 7150 yuan / ton 7450 yuan / ton + 300 yuan
East China LDPE 2426h Daqing Petrochemical 8600 yuan / ton 9700 yuan / ton + 1100 yuan
East China LDPE 2426h Lanzhou Petrochemical Company 8600 yuan / ton 9700 yuan / ton + 1100 yuan
East China HDPE 5000S Daqing Petrochemical 8100 yuan / ton 8400 yuan / ton + 300 yuan
East China HDPE 5000S Lanzhou Petrochemical 8100 yuan / ton 8400 yuan / ton + 300 yuan
LDPE led the rise strongly in August, and the polyethylene market rose as a whole
In August, the PE market as a whole rose. LDPE in East China showed a continuous upward trend, while HDPE market showed a step-by-step upward trend. The trend of LLDPE was mainly followed by futures, which was slightly different from others, showing a downward first and then rising trend. And high pressure products rose most prominently. The market rose 300-1100 yuan / ton in August. Among them, the high-voltage market is one of the main reasons for its rise, because domestic equipment maintenance is more, and the import source cannot be unloaded at the port, resulting in tight supply of goods. During the month, the main and international crude oil of Liansu futures fluctuated and rose to the peak since March, which brought certain boost to the market. With the arrival of the “golden season” in the north, the demand for “golden film” has increased. Petrochemical enterprises have raised the ex factory price for many times, and most of them follow the market, and the shipment performance is more positive. The order volume of downstream factories increased, the volume of goods taken increased, and the market volume increased compared with the previous period.
Import and export: in July 2020, the import volume of PE is about 1.6664 million tons. Compared with that in June, it decreased by 163300 tons, with a decrease rate of 8.92. Compared with the same period last year, shangchanghong increased by 19.71% to 274400 tons. Among them, the imports of LDPE, HDPE and LLDPE were 286000 tons, 824200 tons and 556200 tons respectively. In July 2020, the total export volume of PE is 20100 tons. Among them, the export volume of LDPE is 7000 tons, that of HDPE is 9600 tons, and that of LLDPE is 0.35 tons.
The international crude oil price fluctuated in August and the upward news benefited the PE market
| Gamma Polyglutamic Acid |
In August, the international crude oil market continued to release good news. The US crude oil inventory decreased sharply, the US crude oil inventory decreased significantly, and the meeting of the OPEC + Joint Ministerial Supervision Committee (jmmc) put pressure on the oil producing countries whose output exceeded the target, requiring them to further reduce production from August to September. As a result, a large number of offshore drilling platforms in the Gulf of Mexico were forced to shut down and the crude oil production decreased Low. International crude oil prices rose in August, with WTI crude oil futures up 7.15%.
In August, the futures market as a whole went up, bringing some support to the spot market
Upstream ethylene external market fell mainly in August
In August, the ethylene market fell one after another until a slight rebound at the end of the month. As of July 26, CFR closed at $715-725 per ton in Northeast Asia and $685-695 per ton in South East Asia. European ethylene market price rose, as of the 26th, the European ethylene market price was FD, northwest Europe closed at 662-673 US dollars / ton, CIF northwest Europe closed at 651-659 US dollars / ton. Ethylene prices in the U.S. rose to $506-518 per ton as of the 26th. Generally speaking, the ethylene market in Europe and the United States is on an upward trend, but the current ethylene market demand is general and the rebound range is limited. The decline of raw material ethylene has limited positive effect on PE market.
PE market is still likely to rise
In September, with the gradual completion of petrochemical plant maintenance, market supply pressure has increased. However, the traditional peak season of “gold nine silver ten” has arrived, and the market demand is expected to grow at the same time. At present, the pressure of port inventory and production enterprises is not big, and the main contract of Liansu futures is up strongly, which boosts the market mentality. Downstream into the market positive, business mentality is strong. It is expected that the PE market will continue to rise in September, and the LDPE market will return to the era of 10000 yuan.
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