【PE Morning Update】No signs of improvement in supply and demand margins, polyethylene market fluctuates weakly.
1. Points of Attention
1Cost side:The United States continues sanctions on some oil-producing countries, raising market concerns about potential supply risks, leading to an increase in international oil prices. NYMEXCrude oil futuresThe May 05 contract rose by $0.27/barrel to 69.92, up 0.39% from the previous period; the ICE Brent crude futures May 05 contract rose by $0.24/barrel to 74.03, up 0.33% from the previous period.
2Current parking device:Currently, 23 polyethylene units are involved in the parking facility, with no additional units undergoing maintenance.
3Yesterday's Market Review:The previous day's domesticPolyethylene MarketMost prices fell, with a range of 1-12 yuan per ton. The market has ample spot supply, and high prices are difficult to transact. Traders mostly offer slight discounts to move goods, with a subdued atmosphere.
Core Logic:The spot market for polyethylene is fluctuating with a weak bias.
Price List
III. Market Outlook
Maintenance volume has decreased, and production has slightly increased; the demand for agricultural film has not met expectations, and packaging film companies are purchasing based on rigid demand. In the short term, there are no signs of improvement in the supply and demand margins, and the polyethylene market is fluctuating weakly.
IV. Data Calendar
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