First, the market briefly described LLDPE spot market prices rose in a narrow range. Petrochemical implemented new prices at the beginning of the month, and merchants' prices followed higher prices. However, the small clear and bright holiday came, the atmosphere of the market trading was light, the merchants were uninterested in the war, a small number of shipments accompanied the market, part of the wait-and-see, waiting for the holiday to come. There was no improvement in terminal demand. The inquiry was deserted and there were only a few transactions.
Second, the upper reaches of the market description of crude oil ** Friday (March 30) closed slightly higher, due to traders in the foreign exchange market earlier this week after the sharp decline in oil prices. The cumulative increase in oil prices this quarter. The May settlement of the New York Mercantile Exchange (NYMEX) for light and low* crude oil prices rose 24 cents to US$103.02 per barrel, or 0.2%.
On Friday, Asian ethylene market rose by US$10/ton, CFR Northeast Asia/Southeast Asia closed at US$1360.5-1362.5/t and US$1395-1396/t respectively. The spot market is difficult to find low-cost, downstream demand is still lacking effective follow-up, the market outlook for long-term gains can still be established by the downstream products.
Third, the local market prices today LLDPE market price increases. Close to a small holiday, buyers and sellers are not only cautious attitude, turnover and more talks.
Yuyao PE market price stable small move. Ching Ming Holidays approached, the market trading atmosphere was light, businesses offer little, accompanied by market-based shipping. Poor end-user demand, inquiries deserted, deal-based negotiations.
Guangzhou PE market price is not much, some higher. Following Sinopec’s upgrade in South China, PetroChina South China raised its support for trading. Close to a small holiday, some businesses do not report closed, part of the test with the increase in the offer, the terminal inquiry cautious, pre-holiday trade performance was lukewarm.
Most of the PE low-pressure quotes in Changzhou market rose. Sinopec/CPC East China raised its ex-factory price in early April, and the market price has risen significantly. However, the Ching Ming Holiday is approaching, and the market popularity is scarce. The overall turnover is relatively deserted.
Fourth, the latest offer 1, petrochemical quotes South China Petroleum LLDPE ex-factory price increased 50 yuan / ton, pricing sales, inventory in general. Jilin Petrochemical 7042 pricing reported 10600 yuan / ton, Lanzhou Petrochemical 7042 pricing reported 10,600 yuan / ton.
China Petroleum northwest LLDPE ex-factory price is stable, the listing price is sold, and the sales situation is general. Dushanzi Petrochemical 7042 listing price at 10,900 yuan / ton, Dushanzi Petrochemical 0209AA is priced at 10,950 yuan / ton.
China Petroleum Southwest LLDPE ex-factory price increased by 50 yuan / ton, listing price sales, sales in general. Dushanzi Petrochemical 7042 listing price at 10850 yuan / ton, Lanzhou Petrochemical 7042H listing price at 10850 yuan / ton.
2. The quotation of the mall is closed at 15 o'clock. The individual LLDPE brand in China Plastics Co., Ltd. rose 150 yuan/ton, DFDA-7042/ Jilin Petrochemical Co., Ltd. reported a minimum of 10,700 yuan/ton.
5. Market outlook China's Manufacturing Purchasing Managers' Index (PMI) for March 2012 issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey was 53.1%, up 2.1 percentage points from the previous month. In March, the PMI index continued to rise, and its magnitude increased. From the perspective of the index itself, it indicates that economic growth has picked up. However, from the actual market demand and economic growth, there is a certain gap. At present, the petrochemical industry frequently raises the ex-factory price, but the demand for terminal equipment is still insufficient. Plus, Qingming Holiday is approaching, and the festival atmosphere is relatively strong and the response is relatively slow. It is expected that the post-holiday PE market will continue to remain stable, and the petrochemical price strategy at the beginning of the month is worthy of attention.
Second, the upper reaches of the market description of crude oil ** Friday (March 30) closed slightly higher, due to traders in the foreign exchange market earlier this week after the sharp decline in oil prices. The cumulative increase in oil prices this quarter. The May settlement of the New York Mercantile Exchange (NYMEX) for light and low* crude oil prices rose 24 cents to US$103.02 per barrel, or 0.2%.
On Friday, Asian ethylene market rose by US$10/ton, CFR Northeast Asia/Southeast Asia closed at US$1360.5-1362.5/t and US$1395-1396/t respectively. The spot market is difficult to find low-cost, downstream demand is still lacking effective follow-up, the market outlook for long-term gains can still be established by the downstream products.
Third, the local market prices today LLDPE market price increases. Close to a small holiday, buyers and sellers are not only cautious attitude, turnover and more talks.
Yuyao PE market price stable small move. Ching Ming Holidays approached, the market trading atmosphere was light, businesses offer little, accompanied by market-based shipping. Poor end-user demand, inquiries deserted, deal-based negotiations.
Guangzhou PE market price is not much, some higher. Following Sinopec’s upgrade in South China, PetroChina South China raised its support for trading. Close to a small holiday, some businesses do not report closed, part of the test with the increase in the offer, the terminal inquiry cautious, pre-holiday trade performance was lukewarm.
Most of the PE low-pressure quotes in Changzhou market rose. Sinopec/CPC East China raised its ex-factory price in early April, and the market price has risen significantly. However, the Ching Ming Holiday is approaching, and the market popularity is scarce. The overall turnover is relatively deserted.
Fourth, the latest offer 1, petrochemical quotes South China Petroleum LLDPE ex-factory price increased 50 yuan / ton, pricing sales, inventory in general. Jilin Petrochemical 7042 pricing reported 10600 yuan / ton, Lanzhou Petrochemical 7042 pricing reported 10,600 yuan / ton.
China Petroleum northwest LLDPE ex-factory price is stable, the listing price is sold, and the sales situation is general. Dushanzi Petrochemical 7042 listing price at 10,900 yuan / ton, Dushanzi Petrochemical 0209AA is priced at 10,950 yuan / ton.
China Petroleum Southwest LLDPE ex-factory price increased by 50 yuan / ton, listing price sales, sales in general. Dushanzi Petrochemical 7042 listing price at 10850 yuan / ton, Lanzhou Petrochemical 7042H listing price at 10850 yuan / ton.
2. The quotation of the mall is closed at 15 o'clock. The individual LLDPE brand in China Plastics Co., Ltd. rose 150 yuan/ton, DFDA-7042/ Jilin Petrochemical Co., Ltd. reported a minimum of 10,700 yuan/ton.
5. Market outlook China's Manufacturing Purchasing Managers' Index (PMI) for March 2012 issued by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey was 53.1%, up 2.1 percentage points from the previous month. In March, the PMI index continued to rise, and its magnitude increased. From the perspective of the index itself, it indicates that economic growth has picked up. However, from the actual market demand and economic growth, there is a certain gap. At present, the petrochemical industry frequently raises the ex-factory price, but the demand for terminal equipment is still insufficient. Plus, Qingming Holiday is approaching, and the festival atmosphere is relatively strong and the response is relatively slow. It is expected that the post-holiday PE market will continue to remain stable, and the petrochemical price strategy at the beginning of the month is worthy of attention.
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