[pe morning update] supply-demand contradictions not prominent, prices fluctuate narrowly

I. Points of Attention

1 Cost side: The market is focusing on OPEC+'s continued production increase plan, coupled with still poor demand outlook, leading to a decline in international oil prices. NYMEX crude oil futures for December contract fell by $1.16 to $60.15 per barrel, a decrease of 1.89% compared to the previous period; ICE Brent crude futures for December contract fell by $1.22 to $64.40 per barrel, a decrease of 1.86% compared to the previous period. 。

2 Current parking device: Currently, parking devices involve 26 sets of polyethylene units, with new maintenance for Baolai LyondellBasell and Daqing Petrochemical units.

3 Yesterday's Market Review: The previous day, the domestic polyethylene market prices fell by 2-10 yuan/ton. Costs are currently unsupported, and many traders are offering slight discounts to move goods, with market transactions being cautious.

Core Logic: The supply-demand contradiction is not prominent for the time being, with prices fluctuating within a narrow range.

2. Price List Form

3. Market Outlook

Maintenance increases, alleviating supply pressure; downstream operations rise during peak season, and procurement increases month-on-month. The supply-demand contradiction is not prominent for the time being, and prices fluctuate within a narrow range.

4. Data Calendar