The hottest market atmosphere improved, and PE mar

Market sentiment improved, PE market price rose

I. Market Overview

international crude oil fell slightly, Asian naphtha rose, and Asian ethylene closed flat. Most domestic PE ex factory prices have increased, and the range of mainstream brands has increased. The domestic PE market price rose today, especially linear, and prices in all regions rose. Downstream demand in some regions improved, but most of them were hoarding goods. Merchants were bullish in the aftermarket, and their reluctance to sell appeared. However, downstream demand did not substantially improve. The market atmosphere was mostly reflected by the Liansu market and the upstream manufacturers' increasing factory prices, and some regions were dominated by transaction negotiations

II. Fundamental analysis

1. Due to the US Independence Day holiday, many traders left the market for vacation, the market trading was light, and the manufacturing data of China and the euro zone did not perform as expected, thus stopping the damage to land and sea. The market's concern about the global economic situation was rekindled, and the international oil price fell slightly. On Monday, July 4, the price of crude oil futures market in New York closed flat. The price of Brent crude oil futures market on the London intercontinental Futures Exchange (ice) closed slightly lower in recent months. The settlement price of ice August Brent crude oil futures fell slightly by 38 cents to $111.39 a barrel

2. Asian naphtha prices rose on Monday. In the second half of August, the price of naphtha naf-1h-tyo rose by $6.50 to $920.50 per ton, the highest since $932.00 per ton on June 23. Supply and demand: tasweeq of Qatar is privately negotiating to sell a total of 125000 tons of spot naphtha shipped in August, up from 60000 tons previously sold last week "Affected by the recent high premium, some buyers may abandon tasweeq's quarterly contract, which may prompt them to supply more spot goods," a trader said Weak market conditions have reduced the cost and freight (CF) price South Korea Hunan Petrochemical bought 75000 tons of naphtha that arrived in Hong Kong in the first half of August, with a discount of $3.00 per ton of CF compared with the quotation in Japan, which is similar to the transaction level two weeks ago

3. The closing price of Asian ethylene market closed flat on July 4. CFR Northeast Asia quotation 1120 5 dollars/ton; CFR Southeast Asia quotation 1120 5 dollars/ton. In Northeast Asia, although the news of some parking devices flowed through the market, it failed to effectively boost the return of terminal buying. The firm offer was sparse, and no deal was heard. The spot supply is abundant. It is reported that a 9000 ton Iranian source of goods will arrive in the near future. In Southeast Asia, the mentality of downstream users has changed slightly. According to the current ethylene price, the profit of ethylene glycol products is as high as $300/ton, which is highly effective, and manufacturers are happy about it. Some MEG users inquired about the intention of offering goods in August at US $1200/ton CFR Singapore, and some vinyl plastic users offered at US $1100/ton CFR Indonesia, but there was no deal heard. In terms of devices, Taiwan CPC's No. 4 steam cracking device with an annual output of 380000 tons was shut down for maintenance for two weeks yesterday. Its No. 3 230000 T/A and No. 5 500000 T/a cracking units maintained normal operation. The JX naphtha steam cracking unit with an annual output of 404000 tons in Japan was restarted on July 1

4. Today, most of the ex factory prices of PE from major manufacturers have increased, and the price ranges of mainstream brands have increased. Linearity: major manufacturers' 7042 mainstream quotation range is yuan/ton. Except Shanghai Secco and Fujian United 8320, other manufacturers' brands have increased their ex factory quotation by yuan/ton; Low voltage: the mainstream quotation range of 5000S from major manufacturers is yuan/ton, and the ex factory prices of most brands are increased; The price of the whole line of Shanghai Secco and some brands of PetroChina in East and South China will be increased by yuan/ton; In terms of high pressure: the main range of 2426h is RMB/ton, the prices of some manufacturers have increased, and the prices of Maoming Petrochemical and PetroChina have increased by 200 yuan/ton

it is worth noting that the new standard adds the category of "microenterprise" to the enterprise classification for the first time. Zhu Hongren, chief engineer of the Ministry of industry and information technology, made it clear that he would increase support for small and micro enterprises. Due to the wide coverage of small and medium-sized enterprises, it is difficult for the most vulnerable and most in need of support individuals in the enterprise group to enjoy preferential policies - this dilemma that has long hampered the development of small and medium-sized enterprises has finally been solved. The Ministry of industry and information technology and other four departments jointly issued the "Regulations on the classification of small and medium-sized enterprises" yesterday, adding the category of "micro enterprises" to the classification of small and medium-sized enterprises for the first time. Zhuhongren, chief engineer of the Ministry of industry and information technology, said that the new micro enterprise standard is conducive to clarifying the key points, introducing more targeted and timely preferential policies, and increasing support for small and micro enterprises

III. Market Overview

international crude oil futures fell slightly, Asian naphtha fell, and Asian ethylene closed flat. The quotation of linear brands in the domestic PE market rose today, and the prices of some brands remained stable. The service life of ll extended instruments in the domestic market, the mainstream transaction price of DPE is between yuan/ton, the mainstream transaction price of high voltage is between yuan/ton, and the mainstream transaction price of low voltage is between yuan/ton

1. The PE market in North China has a linear rise in price, a strong market hype atmosphere, a small supply of goods, a stable mentality of businesses, petrochemical manufacturers' quotations are constantly rising, businesses are more wait-and-see, downstream demand is general, and actual transactions are less. Linear mainstream price yuan/ton. 1c7a reports yuan/ton, hm.0 reports 14950 yuan/ton, ld607 reports 13550 yuan/ton, ld608 reports 13700 yuan/ton, ld450/400 reports yuan/ton, LD100 reports 13000 yuan/ton, ld160as reports 13300 yuan/ton, Yanshan 5000S reports 11300 yuan/ton, Daqing 5000S reports yuan/ton, 1508s reports 11850 yuan/ton, 5200b reports 11600 yuan/ton, Dushanzi t reports 10500 yuan/ton, 8008 yuan/ton, 8920 reports 11300 yuan/ton, 9520 yuan/ton, 2911 reports 11950 yuan/ton

2. The linear brand price in East China PE market is rising, the market supply is less, and the merchants are bullish in the aftermarket, showing a mentality of cherishing goods. The downstream demand is mostly hoarding, the actual demand has not improved, and the transaction price is chaotic. Linear mainstream price yuan/ton. Shanghai Petrochemical mh602 reported 11550 yuan/ton, Shanghai Jinfei 5502 reported 11520 yuan, Formosa Plastics 9001 reported 12050 yuan/ton, Shanghai Secco 5502fa reported 11350 yuan/ton, and Daqing Petrochemical 5000S reported 11350 yuan/ton. Shanghai Petrochemical q281 reported 13850 yuan/ton, Yanshan Petrochemical ld100ac 14150 yuan/ton, Daqing Petrochemical 2426h 13520 yuan/ton, Qilu Petrochemical 2102tn26 13650 yuan/ton, Yanshan Petrochemical 1c7a 16450 yuan/ton

3. The PE market in South China has a linear price rise, the market supply is general, and the quotation rise is large, which is mostly caused by merchants following the trend. There are few downstream inquiries, rejecting high quotations, and the actual transaction negotiation is mainly. Linear mainstream is in yuan/ton. Maoming Petrochemical reported 13150 yuan/ton, 12325 yuan/ton, 2426k 12975 yuan/ton, 2426h 12975 yuan/ton; Daqing Petrochemical reported 12900 yuan/ton for 2426k and 13000 yuan/ton for 2426h; Maoming Petrochemical 5002 reported 10775 yuan/ton; Daqing Petrochemical 5000S reported 11200 yuan/ton, Maoming Petrochemical tr144 reported 10790 yuan/ton, Jilin Petrochemical 9455f reported 11275 yuan/ton, Lanzhou Petrochemical 8008 reported 10750 yuan/ton

IV. outlook

the manufacturing data of China and the euro zone did not perform as expected. During the U.S. Independence Day holiday, international crude oil fell slightly, Asian naphtha rose, and Asian ethylene closed flat. Most domestic PE ex factory prices have increased, and the range of mainstream brands has increased. The domestic PE market price rose today, especially linear, and prices in all regions rose. It is expected that the recent price volatility will depend on the downstream demand

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