Polyethylene PE: Spot price trends diverge among varieties, LLDPE's rise is unmatched(December 17, 2024)

December 18, 2024, 2:57 PM

TDD

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Highlights at a glance

This article provides an overview of the domestic petrochemical inventory, highlighting a 10,000-ton decrease in polyolefins. It also analyzes the current trends in the PE spot market, noting price fluctuations and the impact of supply and demand. Additionally, the article forecasts potential changes in the PE market, considering upcoming supply increases and limited demand.

Domestic petrochemical inventory: The inventory of polyolefins of the two oils is 655,000 tons, down 10,000 tons from yesterday.

Shenhua auction statistics: Linear today's auction volume is 156 tons, today's transaction volume is 156 tons. High pressure today's auction volume is 0 tons, today's transaction volume is 0 tons. Low pressure today's auction volume is 0 tons, today's transaction volume is 0 tons.

Analysis of PE spot market: Today, the overall trend of the domestic PE market is differentiated. Among them, the price of linear products, the price of high pressure in North China, and the price of low pressure wire drawing in East China have increased by 10-50 yuan/ton, and the prices of other markets are stable but weak. The supply of LLDPE spot in the market is tight, which supports the upward shift of the market price center of gravity to a certain extent. Traders are mainly active in shipping. The supply of other varieties is sufficient. Traders adjust prices appropriately according to the inventory. Some quotations have fallen slightly. In addition, the replenishment of some downstream industries has been strengthened, the market mentality has been slightly boosted, and the trading atmosphere in the market is acceptable.

PE spot trend forecast: In terms of supply, the number of PE units under planned maintenance is relatively small, and some PE units that were shut down earlier have plans to resume operation. In addition, the supply of goods with extended previous shipping schedules has arrived at the port one after another. The overall supply of goods in the market may be expected to rise slightly, especially for LDPE and HDPE. In terms of demand, the overall demand for terminal products is weak. Although some downstream industries may have increased orders due to the holidays, the overall support of the demand side for the PE market is limited. Overall, the polyethylene market is expected to fluctuate and consolidate in the short term.

Mainstream PE market quotes:

PE futures analysis: L2505 opening price on December 17: 8179, highest price: 8197, lowest price: 8154, position: 499471, settlement price: 8174, yesterday's settlement: 8160, increase: 14, daily trading volume: 225167 lots, deposited funds: 2.856 billion, capital inflow: 49.07 million.

Domestic PE Index: According to Tuduoduo data, on December 17, the domestic HDPE spot index was 8069, up 3; the LDPE film spot index was 10645, down 22; and the LLDPE spot index was 8883, up 21.