Domestic PE Market: Price Uptick, Inventory Rise
Domestic petrochemical inventory: The inventory of polyolefins of the two oils is 825,000 tons, an increase of 15,000 tons from last week.
PE spot market analysis: Today, the overall domestic PE market price is strongly consolidated. Except for the small drop in the price of low-pressure wire drawing in East China and the stability of low-pressure wire drawing in South China, the market prices in other regions have all risen, ranging from 40 to 250 yuan/ton.
The cost side of the crude oil market is affected by the geopolitical situation, the potential supply risk has increased, and the international oil price has risen significantly, which has strengthened the cost support for the PE market. Although the downstream is mainly on the sidelines and it is difficult to follow up on the transaction, the market mentality has been boosted, some PE manufacturers have raised their ex-factory prices, and traders have mostly pushed up their quotations for shipment.
PE spot trend forecast: In terms of raw materials, in the short term, the crude oil market may be affected by the instability of the geopolitical situation, 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 an increase in production and the poor global economy. The relevant impact of related changes on international oil prices should also be paid attention to.
In terms of supply, the overall supply in the market may show a sufficient trend this week. Although the number of maintenance devices in the market has decreased, some key devices are still under maintenance. However, with the gradual restart of the previous maintenance devices and the gradual implementation of new production capacity, the supply of goods is expected to continue to increase. In terms of demand, most downstream industries are in the traditional off-season, and the overall demand situation is expected to be weak. Overall, the polyethylene market is expected to fluctuate in the short term.
Mainstream PE market quotes:
PE futures analysis: June 16 L2509 opening price: 7266, highest price: 7341, lowest price: 7219, position: 477702, settlement price: 7280, yesterday's settlement: 7211, increase: 69, daily trading volume: 455032 lots, deposited funds: 2.454 billion, capital outflow: 57.21 million.
Domestic PE index: According to Tuduoduo data, the domestic HDPE spot index was 7766 on June 16, up 80; the LDPE film spot index was 9579, up 195; the LLDPE spot index was 7429, up 85.
Shenhua auction statistics: Linear today's auction volume is 500 tons, and today's transaction volume is 499 tons. High pressure today's auction volume is 164.2 tons, and today's transaction volume is 164.2 tons. Low pressure today's auction volume is 0 tons, and today's transaction volume is 0 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.
