Upstream market continues to slump slightly lower PE - Ethylene, PE-plastics industry

Upstream market continues to slump slightly lower PE - Ethylene

, PE-plastics industry

HC plastic mesh hearing: first, Market Summary

International crude oil prices closed little Yinxian, naphtha disadvantaged downlink, ethylene quotes steady in Asia yesterday, part of the petrochemical manufacturers significantly reduced LLDPE Guapai Jia, ex-factory price today, the manufacturers held steady, spot market prices were slightly lower, downstream demand is insufficient, small transactions.

Second, fundamental analysis 1. Wednesday in New York's main oil futures contract price volatility through the day down almost 1%. 12 K Line graph shows, NYMEX6 bring on crude oil futures settled at a small lower shadow Yinxian. Arcadia morning, oil prices gradually dropped to 76.00 U.S. dollars / barrel below. Asia City midday, oil prices around 76.00 U.S. dollars / barrel narrow fluctuation. European market early, the dollar's pullback, oil prices rose steadily. European City midday, oil prices fell slightly under profit-taking pressure. New York morning, oil prices resume upward trend, after hitting a day high of 77.00 U.S. dollars / barrel, but U.S. crude oil inventories, oil prices fell sharply. Midday in New York, refresh the days low of 74.75 U.S. dollars price / barrel, supported by bargain hunting since then rebounded, closing at 75.65 U.S. dollars / barrel. American Petroleum Institute, the industry sector (API) Tuesday reported that, as of May 7 the week to 36.2 million barrels crude oil inventories and gasoline stocks fell 90.6 million barrels, distillate stocks increased 9.4 million barrels.

2. Wednesday to steady Asian ethylene offer, CFR Northeast Asia, the price to close at 1298.25-1300.25 USD / tonne, CFR Southeast Asia, the price to close at 1250.25-1252.25 USD / tonne, prices were flat with the previous day. Buyers and sellers negotiate a deadlock, prices remained stable. Market participants pay more attention to China Zhenhai Refining & Chemical 1,000,000 tons cracker progress. The device on April 28 accident in parking, maintenance, could last a month is expected.

3. Closely-watched industry, construction, in four lines refinancing pay scale, has finally been set. The State Council has agreed to the four major listed banks to refinance the total size of 287 billion yuan. Although some bank financing options might change, but the banks will not change the size of refinancing.

4. Petrochemical factory price, the 11 Qilu Petrochemical, Tianjin joint, Petroleum Northeast, Central Plains and petrochemical down Guapai Jia 200-500 yuan / ton range, Guangzhou Petrochemical, Maoming Petrochemical, Yangzi Petrochemical, Shanghai SECCO, etc. down Guapai Jia to 10,800 yuan / ton in the vicinity, the mainstream ex-factory price in 10800-10900 yuan / ton.

5.5 in the first week losing streak on the 4th international crude oil prices, so that on April 29 domestic oil giants began brewing two modest price increase plan was shelved. Yesterday (5 12), the author interviewed a number of market surveillance bodies are informed of the recent wholesale prices of refined oil does not rise much, the two major oil shipping turnover volume Guadan, transaction prices began to loosen. However, the two giants will not take for its prices, in order to stabilize prices, May 11, Sinopec Beijing headquarters has issued a notice requiring the company once again began to push around the sales price.

III Market Large area spot market prices continue to slightly lower today, crude oil fell overnight, a climate of poor market activity, traders offer lower prices to find deals, downstream factories and middlemen is still waiting to see the main, with the use taking , no cheap purchase intention.

South China market: the market offer prices extended declines yesterday, LDPE declined significantly, down in the range of 150 yuan / ton, lower plants and brokers inquiry can still actually set the general volume. Linear mainstream price 10800-10900 yuan / ton, Maoming Petrochemical 7042 reported 10,900 yuan / ton, Guangzhou Petrochemical 7042 tax included 10,900 yuan / ton, Saudi 218W reportedly 11,000 yuan / ton, Jilin Petrochemical 7042 and 7042 reported in Dushanzi 10,800 yuan / ton, 2426H in 11900-12000 yuan / ton, 9455F in 10000-10200 yuan / ton.

POST COMMENT

Social Media Marketing Suggests Becoming Social Flex Belt Scam | WARNING | Is The Flex Belt A Scam? Fap Turbo Expert Guide Review-Fap Turbo Expert Guide Scam SEO Articles Submitter - How To Generate Traffic Through Article Marketing Final Phase Fat Loss Scam-Final Phase Fat Loss Review Here's a Great Way To Try To Make Money In The Stock Market! The Changing landscape of affiliate marketing Post Directories Assist Guide Advertising and marketing Need Powerful Backlinks - How Lazy Linking Can Boost Your Online Profits Easy Article Marketing - Fueling The Ideal - Marketing With Articles Web Hosting Scams Be-Gone: The Technical Questions You Will Regret Not Asking Marketing in Turbulent Times Fap Turbo Expert Guide Scam-Fap Turbo Expert Guide