【PE Morning Tip] Limited marginal improvement in supply and demand, polyethylene market prices oscillate.

I. Focus Points

1Cost side:The Russia-Ukraine negotiations continue to advance, but the situation in the Middle East remains uncertain, leading to mixed fluctuations in international oil prices. NYMEX crude oil futures for May fell by $0.11 to $69.00 per barrel, a decrease of 0.16% compared to the previous period; ICE Brent crude futures for May rose by $0.02 to $73.02 per barrel, an increase of 0.03%.

2Current parking facilities:Currently, the parking devices involve 22 sets of polyethylene units, with additional maintenance scheduled for the Dushanzi Petrochemical and Lanzhou Petrochemical units.

3Yesterday's Market Review:On the previous day, the domestic polyethylene market showed mixed trends, with price fluctuations ranging from a decrease of 1 to an increase of 15 yuan per ton. Cost support has strengthened, and as the end of the month approaches, resources are tight, prompting traders to raise prices slightly to facilitate sales. However, downstream buyers are resistant to price increases, leading to a slowdown in transactions.

Core logic:The polyethylene spot market is operating with fluctuations.

II. Price List

Data source: Longzhong Information

III. Market Outlook

Recent maintenance activities have increased, alleviating supply pressure; downstream factories are adopting a cautious attitude and have insufficient purchasing power. In the short term, the marginal improvement in supply and demand is limited, and the polyethylene market price is fluctuating.