PE market price stable PP offer rose

Good news from Europe and the United States supported the rebound in crude oil prices, the international oil price rose slightly, and high oil prices continued to support the market. The domestic LLDPE** opened lower and higher, but the closing was dragged down by the stock market and narrowed narrowly. The PE dollar market merchants offered a steady, small-moving bid. Ports in South China and North China were better. East China was a bit flat. Buyers’ enquiries remained active. Business speculation focused on low-cost sources such as LLDPE, LDPE and other low-cost offers. They are more cautious about the high bids, and the transactions are generally firm. LLDPE quoted at 1310-1330 US dollars / ton, HDPE film material quoted at 1380-1420 US dollars / ton, LDPE quoted at 1360-1420 US dollars / ton.

The European Central Bank provided liquidity to many banks in Europe. Coupled with the optimistic economic data released by the United States, crude oil prices rose from the impact of inventories and prices rose. Linear ** opened lower and higher, but close to the top of the resistance is quite large, turned down and spit up gains. The trading atmosphere in the PP US dollar market was sluggish. Sporadic quotations and inquiries from a small number of buyers were not enough to make the transaction better. At present, there is little pressure on merchants' inventory, and the supply price is not low, and they are not willing to ship at low prices. The transaction has been stagnant. The homopolymer market price is between USD 1390-1420/ton and the copolymerization market price is USD 1440-1470 USD/ton.

The PS dollar market offers slightly higher. Taiwan Taihua 5250 reported at 1580 US dollars / ton, 8250 reported 1820 US dollars / ton; Thai Petrochemical 150 reported 1565 US dollars / ton, 650 reported to 1805 US dollars / ton.

The majority of the ABS US dollar market was stable, with only some individual brand names rising. The atmosphere was generally negotiable and the turnover was flat. The inventory of middlemen is not high, and downstream users are cautious in purchasing.

For the market trend, the atmosphere of speculation is more obvious, and several merchants believe that the upward trend has been formed in the short term. With the boost of petrochemical prices at home and abroad, the market price will increase. However, the main reason is that business confidence is not enough, the willingness to chase high is weak, and the market is weak. It is expected that the market will continue to show a slight upward trend tomorrow.