【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