Poor market mentality, polyethylene market decline deepened

According to the monitoring data of business news agency, the domestic price of LLDPE (7042) was 8618.57 yuan / ton on July 10, and the average price was 8154.29 yuan / ton on July 15. The decline rate in the week was 5.39%, down 9.65% from June 1.

 

PVA 1799 (PVA BF17)

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) was 10933.33 yuan / ton on July 10 and 10566.67 yuan / ton on July 15, with a decrease of 3.35% during the week and 7.04% compared with June 1.

 

According to the monitoring data of business agency, the average ex factory price of HDPE (5000S) was 9083.33 yuan / ton on July 10 and 8916.67 yuan / ton on July 15, with a decrease of 1.83% during the week and 8.23% compared with June 1.

 

This week, the domestic polyethylene market price continued to decline. The decline of the three spot varieties deepened and the price fell. LLDPE fell the most significantly during the week, with a decline of more than 5%. LDPE and HDPE have also been lowered, the market is lack of positive, and the mentality of the industry is empty. The recent weak decline in international crude oil prices has not brought enough benefits to the market in terms of costs. Petrochemical enterprises collectively reduced the ex factory price by 100-500 yuan / ton. Downstream continued to maintain rigid demand procurement, and the enthusiasm for entering the market was not good. The mentality of merchants is general, and prices follow the trend of decline.

 

POLYVINYL ALCOHOL

On July 15, the opening price of polyethylene futures 2209 was 7900, the highest price was 7900, the lowest price was 7557, the closing price was 7568, the previous settlement price was 7943, the settlement price was 7779, down 375, the trading volume was 518706, the position was 388122, and the daily position was increased by 22879. (quotation unit: yuan / ton)

 

At present, the international crude oil price is in a downward trend, and the cost has brought obvious bad news to the market. The ex factory price of petrochemical enterprises has led the decline, and the market mentality is short. The downstream continues to maintain on-demand procurement, and the demand has not improved significantly. The mentality of Merchants is weak, and most quotations follow the decline. It is expected that there is still room for downward adjustment in the polyethylene spot market in the short term.

http://www.polyvinylalcohols.com

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