China PE Market: Price Trend Analysis
Domestic petrochemical inventory: The inventory of polyolefins of the two oil companies is 800,000 tons, down 25,000 tons from yesterday.
Analysis of the PE spot market: Today, the overall domestic PE market price continues to rise. Except for the low-pressure wire drawing prices in East China and the low-pressure film materials and low-pressure wire drawing prices in South China, the market prices in other regions have risen, ranging from 20 to 230 yuan/ton. The crude oil market's concerns about the geopolitical situation have eased, international oil prices have been under downward pressure, and the cost support has weakened.
In addition, today's PE units in the market are under maintenance and restart, involving the shutdown and maintenance of Wanhua Chemical and Zhejiang Petrochemical PE units with a production capacity of about 1.25 million tons, and the resumption of operation of PE units such as Dushanzi Petrochemical and Yulong Petrochemical with a production capacity of about 1.1 million tons, while the downstream maintains rigid demand purchases, and the market trading is still acceptable.
PE spot trend forecast: In terms of raw materials, in the short term, the crude oil market may be affected by the continuation of the US sanctions policy on oil-producing countries, the US summer travel peak season and other favorable factors, as well as OPEC+'s maintenance of production increase and the poor global economy.
It is also necessary to pay attention to the impact of related changes on international oil prices. In terms of supply, the overall supply in the market may show a sufficient trend this week.
At present, there is no obvious positive guidance for the PE maintenance equipment in the market, and the new production capacity is gradually being put into use. It is expected that the supply of goods may continue to increase. In terms of demand, most downstream factories are in the traditional off-season, and most of them are mainly purchased on demand, which has limited support for the PE market. Overall, the polyethylene market is expected to fluctuate in the short term.
Mainstream PE market quotes:
PE futures analysis: L2509 opening price on June 17: 7310, highest price: 7329, lowest price: 7246, position: 486231, settlement price: 7294, yesterday's settlement: 7280, increase: 14, daily trading volume: 473370 lots, deposited funds: 2.49 billion, capital inflow: 36.66 million.
Domestic PE index: According to Tuduoduo data, the domestic HDPE spot index on June 17 was 7821, up 55; the LDPE film spot index was 9768, up 189; the LLDPE spot index was 7459, up 30.
Shenhua auction statistics: Linear today's auction volume is 400 tons, and today's transaction volume is 400 tons. High pressure today's auction volume is 216 tons, and today's transaction volume is 216 tons. Today's low-pressure auction volume is 100 tons, and today's transaction volume is 99 tons.
Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.
