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SunSirs: China PE Market Situation on January 19

January 21 2021 09:35:03     SunSirs (Selena)

On January 19, the opening price of PE futures 2105 was 7,750, the highest price was 7,805, the lowest price was 7,700, the closing price was 7,740, the former settlement price was 7,640, the settlement price was 7,750, up 100, or 1.29%, the trading volume was 336,075, the position was 254,483, and the daily increase was -581. (quotation unit: RMB/ ton)

On January 19, the overall market of the three major varieties of polyethylene in the spot market was better, and the LLDPE and LDPE film markets in East China were increased, with an adjustment range of about 100 RMB/ ton. The HDPE market has not changed much and most of them are stable. The sharp rise of Liansu futures has brought a significant boost to the market. Some petrochemical enterprises have raised their ex-factory prices, and the merchants have a good mentality. The market offer keeps up with the rise, and the trading atmosphere has improved. Oil prices rose on Tuesday, mainly due to the good news of the US stock market, which brought a certain boost to the market. However, the current northern environmental protection, southern power rationing, market negative factors still exist.

 

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