[pe morning brief] fundamental changes below expectations, market gains limited

I. Points of Focus

1 On the cost side: The market continues to focus on the meeting between the US and Russian leaders, with geopolitical tensions expected to further ease, leading to a drop in international oil prices. NYMEX crude oil futures for the September contract fell by $0.79 per barrel to $63.17, a decrease of 1.24% compared to the previous period; ICE Brent crude futures for the October contract fell by $0.51 per barrel to $66.12, a decrease of 0.77% compared to the previous period. 。

2 Current parking device: Currently, the parking facilities involve 19 sets of polyethylene units, with the newly added Fushun Petrochemical unit under maintenance.

3 Yesterday's Market Review: The previous day, the domestic polyethylene market prices increased by 4-43 yuan/ton. The market was boosted by macroeconomic positives, but with limited fundamental support. Downstream buyers resisted high prices, and there was no significant increase in transactions.

Core Logic: The fundamentals have changed less than expected. Market gains are limited.

2. Price List Form

3. Market Outlook

The number of driving devices is increasing, and supply is expected to grow. Downstream operations have slightly improved, with most maintaining just-in-time purchasing. Due to uncertainties in macroeconomic stimulus, overall, the fundamental changes fall short of expectations, limiting market gains.

4. Data Calendar