Newsletter summary
Even plastic L2409 closed down 0.Slotgames.67% to 8579 yuan / ton, trading volume reached 390000 lots; PP's main force 09 closed down 0.23% at 7794 yuan / ton, with a trading volume of 468968 lots. During the maintenance season, supply is stable, demand is weak, and the market is worried about a high pullback. PP market rose 20-100 yuan / ton, downstream conflict with high-priced raw materials. The mainstream price of LLDPE market is 8520-8950 yuan / ton, and the demand for high-end raw materials is weak.
Text of news flash
[Liansu L2409 market trading performance fluctuated, closing price fell] Liansu L2409 market appeared to a certain extentSlotgamesThe fluctuation finally closed at 8579 yuan / ton, down 58 yuan, or 0.67%, from the opening price. The trading volume reached 390000 lots, while the position decreased by 33345 lots from the previous day to 510535 lots. [PP main 09 prices fell slightly, trading volume and positions have been adjusted] the price of PP main 09 contract also fell slightly, closing at 7794 yuan / ton, down 0.23%. The trading volume on the day was 468968 lots and the position was 626867 lots, a decrease of 14543 lots compared with the previous day. [domestic petrochemical equipment maintenance and restart coexist, plastic supply side changes little] under the background of petrochemical equipment maintenance season, the change of plastic supply side is not significant. Although the number of PP overhauls is at a high level compared with the same period last year, the output of the new devices has not been significantly increased. In terms of market demand, the operating rate of the agricultural film and packaging industry downstream of PE has declined, the follow-up of new orders is limited, and the support for high prices of raw materials in the downstream industry has weakened. [the macroeconomic trend is strong, and the release of real estate policies affects the atmosphere of the commodity market] the strong macroeconomic performance has a positive impact on the commodity market. The release of the real estate policy is positive again, which keeps the real estate sector active, which in turn leads to the improvement of the overall atmosphere of the commodity market. As a result, the market for polyolefins has been boosted and prices have risen. [raw material cost support weakens, demand is sluggish, market faces high correction pressure] however, recently, the supporting role of raw material costs has weakened, coupled with sluggish market demand, market sentiment is expected to gradually fade after the upsurge. Facing the pressure of a high pullback. [producer inventory levels are lower than the previous working day] according to market rumors, the inventory level of major producers was 880000 tons, down 40, 000 tons from the previous working day, or 4.35 per cent. By comparison, inventory levels were about 805000 tons in the same period last year. [the domestic PP market continues to rise, and the market mentality is boosted by the high operation of futures] the domestic PP market maintained an upward trend, with an increase of 20-100 yuan per ton. The high-level operation of the futures market has a positive impact on the mentality of the spot market. Petrochemical enterprises have raised their ex-factory prices one after another, and traders have raised their quotations because of the enhanced cost support. In spite of this, the downstream terminal is cautious because of cost pressure, the resistance to high-priced raw materials is more obvious, and the market transaction is general. [LLDPE market prices have some ups and downs] LLDPE market prices fluctuate, the linear part of North China rises or falls 20-80 yuan / ton, the linear part of East China rises 20-50 yuan / ton, and the linear part of South China rises 20-70 yuan / ton. The mainstream price in the domestic LLDPE market remains between 8520 and 8950 yuan / ton. The linear futures market fluctuated downwards after opening high, and the trading atmosphere remained cautious. Some traders continued to offer high prices, but the demand from downstream factories was weak, and resistance to high-priced raw materials gradually emerged, resulting in poor market shipments, and some merchants had to make profits to promote transactions.
