The polyethylene market fluctuated weakly in November

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LLDPE (7042) was 8228 yuan/ton on November 1st, and the average price on November 30th was 8100 yuan/ton. During this period, the quotation fell by 1.56%.

 

Sulfamic acid 

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 9112 yuan/ton on November 2nd, and the average price on November 30th was 9137 yuan/ton, with a 0.27% increase in quotation during this period.

 

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of HDPE (5000S) was 8650 yuan/ton on November 1st, and the average price on November 30th was 8550 yuan/ton, with a 1.16% decrease in quotation during this period.

 

In November, the overall performance of polyethylene showed a weak trend. LDPE performed relatively well in resistance to decline, while LLDPE and HDPE saw a narrow decline adjustment. At the beginning of the month, companies showed a slight upward trend in their prices, but there was limited upward potential. The international oil price trend within the month was volatile and weak, suppressing the polyethylene market. The maintenance equipment of petrochemical enterprises has decreased compared to the previous period, and the supply of polyethylene is still sufficient. Downstream agricultural film and pipe demand has weakened, market demand has weakened, with rigid demand as the main focus and limited new orders; Traders adjust their offers and have a strong willingness to sell at a discounted price.

 

On November 30th, the opening price of the polyethylene l2401 contract on the Dalian Commodity Exchange was 7890 yuan, and the closing price was 7968 yuan, up 86 yuan. The highest price was 7979 yuan, and the lowest was 7869 yuan, up 1.09%. In November, polyethylene futures fluctuated in the first half of the month, with a significant decline in the second half and a slight increase towards the end of the month.

 

On November 29th, international crude oil futures prices continued to rise, supporting polyethylene on the cost side. The operating rate of agricultural film enterprises is relatively low, downstream procurement enthusiasm is reduced, demand side support is insufficient, polyethylene fundamentals are poor, and there is a lack of effective upward momentum. It is expected that they will mainly fluctuate weakly.

http://www.sulfamic-acid.com