China Petrochemical Inventory: The polyolefin inventory of the two oils was 815,000 tons, a decrease of 5,000 tons from yesterday.
Shenhua auction statistics: Today's auction volume was 900 tons, and today's transaction volume was 795 tons. High-pressure auction volume today is 0 tons, and today's transaction volume is 0 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.
PE spot market analysis: Today, the overall PE market in China continues to operate in a weak position. Except for low-pressure wire drawing prices in South China, prices in other markets have been lowered across the board, ranging from 20 to 230 yuan/ton. International oil prices have rebounded. In addition, Guangdong Petrochemical's PE equipment has been temporarily parked today. However, the downstream still maintains a mode of buying at low prices. It is difficult to boost the market mentality. Traders maintain concessions and ship, and the on-site trading atmosphere is average.
PE spot trend forecast: In terms of supply, in the short term, except for the planned maintenance of Qilu Petrochemical's PE unit, there are no other new units planned for maintenance. Xinjiang Tianli and Ningxia Baofeng EVA units may be converted to LDPE units. In addition, Zhongying Petrochemical's PE unit is about to be put into production, and the supply of goods is expected to increase. In terms of demand, downstream agricultural film demand and downstream packaging film demand driven by e-commerce festival warm-up activities are expected to improve in the short term, which may provide certain positive support to the PE market. Overall, the polyethylene market is expected to operate in a volatile manner in the short term.
Mainstream quotes in the PE market:
| Today's polyethylene PE market price (unit: yuan/ton) | ||||
| plate number | regional | October 17 | October 18 | rise and fall |
| linear | North China | 8345-8440 | 8285-8420 | -60/-20 |
| East China | 8430-8590 | 8380-8590 | -50/0 | |
| South China | 8360-8700 | 8310-8700 | -50/0 | |
| high pressure | North China | 10750-10970 | 10600-10740 | -150/-230 |
| East China | 10800-10970 | 10650-10820 | -150/-150 | |
| South China | 10400-10650 | 10400-10600 | 0/-50 | |
| low pressure membrane material | North China | 7840-8075 | 7840-8025 | 0/-50 |
| East China | 8100-8300 | 8100-8250 | 0/-50 | |
| South China | 8050-8160 | 8050-8140 | 0/-20 | |
| low pressure wire drawing | North China | 8300-8550 | 8300-8530 | 0/-20 |
| East China | 8430-8600 | 8400-8600 | -30/0 | |
| South China | 8400-8700 | 8400-8700 | 0/0 | |
Analysis of PE futures: On October 18, the opening price of L2501 was 8088, the highest price was 8150, the lowest price was 8085, the position was 353491, the settlement price was 8117, yesterday's settlement: 8157, and the decline was 40.
China PE Index: According to Tuduo's data, on October 18, China's HDPE spot index was 8121, down 22;LDPE film spot index was 10911, down 32;LLDPE spot index was 8504, down 37.
