[PE Morning Briefing] Limited Marginal Improvement in Supply and Demand, Prices Continue Range-bound Movement

1. Focus Points

1 Cost side: The instability of the Russia-Ukraine situation persists, coupled with the remaining benefits of the US traditional peak fuel consumption season, leading to a rise in international oil prices. NYMEX crude oil futures for the October contract increased by $0.45 per barrel to $64.60, a rise of 0.70% compared to the previous period; ICE Brent crude futures for the October contract increased by $0.57 per barrel to $68.62, a rise of 0.84% compared to the previous period. 。

2 Current parking device: Currently, parking facilities involve 28 sets of polyethylene units, with the addition of the Qilu Petrochemical unit undergoing maintenance.

3 Yesterday's Market Review: The domestic polyethylene market prices slightly declined yesterday, with a decrease of 1-5 yuan/ton. Downstream buyers resist high prices and show weak willingness to restock. Traders mostly offer discounts to clear inventory, resulting in sluggish transactions.

Core logic: Limited marginal improvement in supply and demand; prices continue to fluctuate within a range.

2. Price List Form

3. Market Outlook

At the end of the month, there are few spot market resources available, and supply faces no pressure; downstream operating rates are improving slowly, with purchases mostly made to meet just-in-time demand. Costs provide slight support, so overall, the marginal improvement in supply and demand is limited, and prices continue to fluctuate within a range.

4. Data Calendar