【PE Morning Alert】Downstream sentiment remains cautious, and PE market prices are expected to fluctuate.

I. Focus Points

1Cost side:U.S. crude oil and refined product inventories have declined, coupled with unstable geopolitical situations, leading to an increase in international oil prices.Crude oil futuresThe May contract for WTI crude oil rose by $0.65 to $69.65 per barrel, up 0.94% month-on-month; the May contract for ICE Brent crude oil increased by $0.77 to $73.79 per barrel, up 1.05% month-on-month.

2Current parking device:Currently, the parking facilities involve 23 sets of polyethylene units, with additional maintenance for the Wanhua Chemical and Lanzhou Petrochemical units.

3Market Review from Yesterday:On the previous day, the domestic polyethylene market mostly declined, with a range of 4-10 yuan/ton. The market is not lacking in spot supplies, and there are expectations for new production units to come online. Market sentiment is bearish, and traders continue to offer discounts to sell off their inventory, resulting in lackluster trading activity.

Core Logic:The polyethylene spot market is operating with fluctuations.

II. Price List

Market Outlook

Maintenance increases, and in the short term, upstream continues to support prices; demand for greenhouse film weakens, while demand for agricultural film and packaging film remains stable. Downstream sentiment remains cautious. In the short term, the supply-demand contradiction is not prominent, and the polyethylene market price is operating with fluctuations.

Data Calendar