A brief introduction to the weekly market of HDPE

A brief description of the one week market of China Plastics spot HDPE (December 17 - December 21)

this week, the price of China Plastics City showed a moderate decline, the market atmosphere was poor, the trading volume remained stable, and the plastic price index fell moderately. As of Friday, China's plastic price index was 1277.41 points, down 11.79 points from the same period last week; The China Plastics spot index rose slightly this week, reaching 1258.12 points on Friday. The wedge-shaped block crawled (jumped) along the dovetail slope, down 5.11 points year-on-year from the same period last week

I. review of upstream information:

the international futures price rose slightly this week. As of the close of this Friday, WTI crude oil was at $93.31/barrel, up $2.04 from last week; Brent crude oil was at $92.46/barrel, down $0.21 from last week. Monomer: the quotation of Asian ethylene monomer CFR Northeast Asia is in USD/ton, with an increase of USD 15/ton; the quotation of CFR Southeast Asia is in USD/ton, with an increase of USD 12.5/ton. The quotation of Far East ethylene showed a sharp upward trend this week, with us $1280/ton FOB South Korea and US $1280/ton FOB Japan

II. Market Review:

this week, HDPE high voltage in North China market followed the linearity, and the quotation continued to decline. Some Yanshan high voltage has been upside down, including ld605 upside down 100 yuan/ton, the current market price is 13200 yuan/ton, 7a upside down 50 yuan/ton, the current price is 13950 yuan/ton, and the local transaction situation in Yanshan is poor. In terms of HDPE in East China market, only the film material is in good demand, which is related to the shopping bag peak season brought by the year-end holiday shopping demand. However, due to the poor overall market situation, the overall price level also fell to a certain extent, with the mainstream price at 13950 yuan and the import price at yuan. The price of HDPE in South China fell back to nearly flat. At present, the high-pressure transaction situation is general. The 951-050 mainstream newspaper estimates that the total output of the world in 2016 is less than 20 tons, and the price is 13450-13500 yuan/ton, and the 2426h mainstream quotation is about 13400 yuan/ton

the overall trend of PE market in China plastic city is stable, and the graduation of local 4.5 experimental machine should be accurate, average, clear and slightly fluctuating. As high-level raw materials squeeze profit space, downstream factories have obvious wait-and-see mood and low enthusiasm to enter the market, thus forming a situation of high prices and volume contraction. Mainstream market price: HDPE: wire drawing material yuan/ton, plastic injection material yuan/ton, film material yuan/ton, hollow material yuan/ton

III. trend forecast for next week:

in general, the high pressure has shown signs of decline, slow downstream demand, abundant resource supply, excessive price push, pressure on the return of funds at the end of the year, monthly and year-end production and marketing rate assessment of petrochemical enterprises and a series of adverse factors. 2. The impact of vigorously implementing the green transformation project is that the short-term plastic market is difficult to get out of the dilemma of oscillation and deadlock

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