According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8296 yuan/ton on September 2, and the average price was 8251 yuan/ton on September 11, during which the quotation fell by 0.54%.
| Gamma-PGA (gamma polyglutamic acid) |
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10400 yuan/ton on September 2, and the average price was 10350 yuan/ton on September 11, during which the quotation fell by 0.48%.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8225 yuan/ton on September 2, and the average price was 8200 yuan/ton on September 11, during which the quotation fell by 0.30%.
The price of polyethylene is running narrowly and weakly. The recent decline in international oil prices has weakened cost support, which is bearish for the polyethylene market. There are expectations of an increase in the supply side. According to data statistics, as of September 10th, the inventory of two barrels of plastic oil was 800000 tons, a decrease of 1.23% compared to the previous month and an increase of 15.94% year-on-year. Although there has been a decrease in the previous month, the year-on-year data has increased, and the pressure on the supply side is still present. The downstream of the demand side is in the peak demand season, and with the Mid Autumn Festival approaching, downstream factories are increasing their inventory replenishment behavior. However, overall support is limited, with rigid demand procurement as the main focus and low enthusiasm for intermediaries to enter the market.
On September 11th, the Dalian Commodity Exchange polyethylene L2501 contract opened at 7891 yuan and closed at 7931 yuan, a decrease of 5 yuan, with a high of 7935 yuan and a low of 7823 yuan, a decrease of 0.06%. The recent weak polyethylene futures market has suppressed the spot market.
There is an expectation of an increase on the supply side; Although downstream construction has increased, the recovery is slow, but overall support is limited. The supply-demand game is expected to have limited upward potential for polyethylene, with narrow range fluctuations being the main adjustment.
| http://www.lubonchem.com/ |