[pe morning brief] supply-demand game continues, price increases limited

I. Points of Attention

1 Cost side: The Russia-Ukraine conflict has not yet ceased, posing potential supply risks, coupled with the continuation of U.S. sanctions on some oil-producing countries, leading to a rise in international oil prices. NYMEX crude oil futures for the October contract rose $1.58 per barrel to $65.59, a month-over-month increase of 2.47%; ICE Brent crude futures for the November contract rose $0.99 per barrel to $69.14, a month-over-month increase of 1.45%. 。

2 Current Parking Device: Currently, there are 32 polyethylene units involved in the parking facility, and there are no new units under maintenance.

3 Yesterday's Market Review: The previous day, the domestic polyethylene market price fell by 1-9 yuan/ton. With an expected increase in supply, traders continued to offer discounts to sell, and market transactions remained cautious.

Core Logic: Supply and demand game continues, price increase is limited.

2. Price List

3. Market Outlook

At the beginning of the month, the market saw an increase in spot goods, and supply pressure still exists; downstream operations are improving slowly, with a cautious mindset. There is slight cost support, so overall, the supply and demand game continues, and price increases are limited.

4. Data Calendar