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[PE Morning Brief] Supply pressure persists, leading to a weak trend in polyethylene market prices.
Longzhong 2025-03-20 08:30:37
I. Focus Points

1、cost end:US EIA inventory data was mixed, coupled with the Fed's announcement in March to hold off on interest rate cuts, international oil prices ultimately rose slightly. NYMEX crude oil futures 04 contract at $67.16, up $0.26 per barrel, a month-on-month increase of +0.39%; ICE Brent oil futures 05 contract at $70.78, up $0.22 per barrel, a month-on-month increase of +0.31%.

2current parking equipment:Currently, the parking equipment involves 26 sets of polyethylene equipment, with no new equipment under maintenance.

3、yesterday's market review:The domestic polyethylene market fell on the previous day, with a range of 13-24/ton. With new facilities about to start production, the market's cautious sentiment has intensified, and traders continue to offer discounts to sell, with no significant increase in transactions.

core logic: input format:The spot market for polyethylene is operating with a weak and fluctuating trend.

II. Price List

Data source: Longzhong Information

Three, Market Outlook

Two oil inventories decline, coal chemical inventory remains at a relatively high level, supply pressure still exists; downstream factories adhere to rigid demand purchasing, with a cautious mentality. In the short term, the supply and demand margin has not improved, and the polyethylene market price is operating on the weak side.

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