[pe morning brief] limited supply and demand improvement, market gains constrained

I. Points of Attention

1 Cost side: OPEC+ The bearish sentiment of increased production continues, coupled with the fact that the U.S. sanctions plan has not yet caused significant concerns, resulting in six consecutive declines in international oil prices. NYMEX crude oil futures for the September contract fell by $0.47/barrel to $63.88, a decrease of 0.73% compared to the previous period; ICE Brent crude futures for the October contract fell by $0.46/barrel to $66.43, a decrease of 0.69% compared to the previous period. 。

2 The current parking device: Currently, parking devices involve 23 sets of polyethylene units, with new inspections at Qilu Petrochemical, Yulong Petrochemical, and Liaoyang Petrochemical units.

3 Yesterday's Market Review: The previous day, the domestic polyethylene market saw mixed price fluctuations, ranging from 2 to 13 yuan/ton. Downstream buyers remained resistant to high prices, causing some traders to concede slightly in pricing due to hindered sales, and market transactions have not yet increased significantly.

Core Logic: Cost support loosens, supply and demand game. Market gains are limited.

2. Price List Form

3. Market Outlook

The amount of maintenance has decreased, and production has increased month-on-month; downstream operations have slightly improved, while sentiment remains cautious and resistant to high prices. There is uncertainty in macroeconomic boosts, so overall, the marginal improvement in supply and demand is limited, and market gains are restricted.

4. Data Calendar