Analysis of ABS price of plastic raw materials on

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January 12 ABS price analysis of plastic raw materials

I. market overview

pe market continued to be weak, and local quotations continued to fall. The international crude oil continues to bottom out, and the market is full of bearish sentiment. At the same time, the price reduction sales trend of petrochemical enterprises continues, while the cautious mentality in terminal procurement has not changed. Processing by order and maintaining low inventory is still the mainstream

II. Brief introduction to the upstream market

oil prices fell on Monday. The settlement price of West Texas light oil futures on the New York Mercantile Exchange in February 2016 was $31.41 per barrel, down $1.75 from the previous trading day; The February 2016 futures settlement price of Brent crude oil on the London Intercontinental Exchange was $31.55 a barrel, down $2.00 from the previous trading day

on Monday (January 11), the quotation of ethylene market in Asia was stable, and the price of CFR Northeast Asia remained stable to close at 1074 5 dollars/ton; CFR Southeast Asia prices remained stable at 1084 5 dollars/ton

III. local market prices

market quotations declined. The demand continues to be flat, and the firm offer is a single deal

PE price in Xi'an market fell. Linear futures opened low and rose, the inquiry situation was flat, and traders' offer confidence was insufficient. They mostly offered according to the market, and the quoted brands were less. There is no obvious change in the terminal. The downstream manufacturers just need to take the goods, and the market trading atmosphere is cold and firm

the weakness of Shanghai PE market was sorted out, and some quotations continued to decline. The market is generally popular, and the end customers are cautious. Most of them wait-and-see. At present, the market maintains a small order, and the transaction focuses on negotiation

the PE market price in Wuhan continues to decline. The market inquiry atmosphere is light, the transaction situation is general, and most merchants wait and see

IV. the latest quotation

1. Petrochemical quotation

PetroChina 9 Maximum hammer off load: 100kg, 250kg, 300kg, 350kg, 450kg, 500kg, 600kg, 700kg, 800kg, 900kg, 1000kg, 1400KG optional or negotiated) the pricing of HDPE in East China was reduced, 8008 (Dushanzi Petrochemical) was reported at 8800 yuan/ton, and 9455f1 (Fushun Petrochemical) fell 104 Before the experiment, it should be checked whether the empty stroke of the pendulum refers to zero (when the pendulum is free to sag, 0 yuan is reported as 8600 yuan/ton, and 5000S (Daqing Petrochemical) fell by 100 yuan to 9200 yuan/ton

the listing price of CNPC South China HDPE is stable, with 8008 (Dushanzi Petrochemical) reporting 8900 yuan/ton, 2911 (Fushun Petrochemical) reporting 8700 yuan/ton, and 5000S (Daqing Petrochemical) reporting 9500 yuan/ton

the listing price of HDPE in North China of CNPC was reduced. 7750m (Fushun Petrochemical) fell 100 yuan to 9000 yuan/ton, 5000S (Daqing Petrochemical) fell 100 yuan to 9200 yuan/ton, and 8920 (Dushanzi Petrochemical) to 7900 yuan/ton

2. Mall quotation

as of 15:00, the quotation of some brands of HDPE in China Plastics' spot fell by yuan/ton, of which the common mechanical properties of materials below D mda-8920/Dushanzi Petrochemical was at least 8500 yuan/ton (down 150), hd5502s/Huajin Chemical was at least 8900 yuan/ton (down 50), mh602/Shanghai Shihua was at least 9300 yuan/ton (down 200)

v. future forecast

petrochemical enterprises continue to adopt the price reduction policy, coupled with the increasingly fierce expectation of low oil prices, the fear in the floor is diffuse, the downstream demand does not improve, the market delivery speed slows down, and the transaction is difficult. At present, businesses lack confidence in the future market, and most of them actively sell goods at a profit. In the absence of positive factors, it is expected that the short-term PE market will continue to be weak and volatile

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