[pe morning brief] price expected to fluctuate weakly

I. Points of Attention

1 Cost side: Market concerns about the poor outlook for the U.S. economy and demand overshadowed the positive impact of the Federal Reserve's interest rate cuts, leading to a drop in international oil prices. NYMEX crude oil futures for the October contract fell by $0.48/barrel to $63.57, a decrease of 0.75% compared to the previous period; ICE Brent crude futures for the November contract fell by $0.51/barrel to $67.44, also a decrease of 0.75% compared to the previous period. 。

2 Current parking device: Currently, the parking devices involve 28 sets of polyethylene units, and there are no new unit maintenance activities.

3 Yesterday's Market Review: On the previous day, the domestic polyethylene market prices mostly fell, by 3-7 yuan/ton. The market has sufficient spot supply, and traders are offering discounts to promote transactions. Downstream buyers are maintaining purchases based on just-in-time needs, and trading volume has not increased.

Core logic: The supply-demand contradiction still exists, and prices fluctuate with a weak trend.

2. Price List Form

3. Market Outlook

Recently, with the startup of Shenhua Xinjiang's plant, there is an expectation of increased high-pressure supply, while the supply of other varieties remains stable. Downstream operations are ramping up, but restocking is cautious. Cost support is weakening, supply-demand contradictions persist, and prices are fluctuating weakly.

4. Data Calendar