SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: PE Spot Market Continued to be Weak and Downward towards the End of 2020
January 04 2021 10:33:13SunSirs(Selena)

According to the data monitoring of SunSirs, the average ex-factory price of LLDPE (7042) in East China was 8,133.33 RMB/ ton on December 27 and 7,883.33 RMB/ ton on December 31, with a decrease of 3.07% in the week and 5.02% compared with December 1, 2020. The average ex-factory price of LDPE (2426h) in East China was 11,387.50 RMB/ ton on December 27 and 11,125.00 RMB/ ton on December 31, down 2.31% in the week and 10.10% compared with December 1, 2020. On December 31, the average price of HDPE in East China was 21.67% lower than that at the beginning of December. The average ex-factory price of HDPE(5000S) in East China was 8,266.67 RMB/ ton on December 27 and 8,166.67 RMB/ ton on December 31, down 1.21% in the week and 6.13% compared with December 1, 2020.

Last week, the PE spot market continued to be weak, and continued to decline as a whole. The three kinds of spot products all fell to varying degrees. According to the data monitoring of SunSirs, the price of LLDPE 7042 in East China fell the most obviously, with a drop of about 300 RMB/ ton. LDPE 2426H in East China dropped 200 RMB/ ton, while low-pressure varieties changed the least, with a drop of about 100 RMB/ ton. Most of the samples were arranged horizontally in the week.

Last week, the spot market fell to varying degrees. Towards the end of the year, the market maintenance decreased and the supply side was more abundant. In terms of demand, it is currently in the off-season of traditional demand. In addition, the downstream factories are mostly affected by the environmental protection power and production restriction, so their acceptance ability is not strong. They mainly make up for the demand. They are generally enthusiastic about entering the market. The market transaction atmosphere is slightly light, and the contradiction between market supply and demand is prominent. Petrochemical enterprises continue to reduce the ex factory price, the support of market supply cost is weak, and the futures market continues to fall, which depresses the market mentality. The business mentality is pessimistic, and it mainly follows the market, and the price declines as a whole.

On December 30, the opening price of PE futures 2105 was 7,540, the highest price was 7,570, the lowest price was 7,450, the closing price was 7,565, the former settlement price was 7,580, the settlement price was 7,515, down 15, down 0.20%, the trading volume was 291,874, the position was 231,225, and the daily increase was 1,011. (quotation unit: RMB/ ton)

At present, the downstream plants are greatly affected by environmental protection, the operating rate has dropped sharply, and the demand has decreased significantly, but the market supply is relatively sufficient, and the contradiction between supply and demand is prominent. And at the end of 2020, the manufacturers have the demand of warehouse arrangement, and their mentality is weak. However, the futures market rebounded and rose broadly on December 31, bringing some support to the market. It is expected that China PE market will be dominated by horizontal finishing in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products