【PE Morning Briefing】Increased maintenance volume eases supply pressure, PE market prices trend weaker
I. Focus Points
1、cost end:The US continues to strengthen sanctions against Iran, and the instability in the Middle East brings potential supply risks, leading to an increase in international oil prices. The NYMEX crude oil futures 04 contract rose by $1.10 per barrel to $68.26, a month-on-month increase of +1.64%; the ICE Brent oil futures 05 contract rose by $1.22 per barrel to $72.00, a month-on-month increase of +1.72%.
2current parking equipment:Currently, the parking equipment involves 26 sets of polyethylene equipment, with additional maintenance on the facilities of Shanghai Petrochemical and Daqing Petrochemical.
3、Yesterday's market review:The domestic polyethylene market fell on the previous day, with a decline of 8-60/ton. Factory prices were lowered, and as costs shifted downward, traders continued to offer discounts for sales, maintaining a cautious atmosphere.
core logicPolyethylene spot market fluctuates with a weak trend.
II. Price List
Three, Market Outlook
Maintenance volume increase alleviates supply pressure; downstream factories have a bearish mentality, leading to decreased procurement. In the short term, supply and demand contradictions still exist, and polyethylene market prices are operating weakly.
Four, Data Calendar
【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.
Most Popular
-
AI Computing Power Demand Ignites Electronic Fabrics! China Jushi Hits Limit Up! Domestic Substitution Welcomes Golden Window
-
Focus on going global! kingfa sci. leads, huitong, preter, and kumho nire follow, china’s modified plastics frenziedly expanding worldwide
-
Back-to-back major joker moves! covestro’s 1.32 million ton mdi dual-line expansion and hdi acquisition reshape global polyurethane landscape
-
Evonik Parts Ways With The Polyester Business! A Strategic Retreat By A Germany Chemical Giant And The Global Industry Shift
-
PA66 Cost and Profit: Broad-Based Weakness in the Feedstock Market Continues to Erode Cost Support for PA66 (202606)
