The hottest market demand is weak, and the PE trad

Weak market demand and sluggish PE trading market continued to be cold

I. market overview

international crude oil fell, Asian naphtha rose, and Asian ethylene rose. Today, the ex factory prices of PE from major manufacturers are stable, and the mainstream prices of linearity, low voltage and high voltage remain stable. PE spot market quotation is stable and small. Oil prices fell and futures closed lower after a narrow consolidation, dampening trading confidence. Most merchants ship goods in line with the market, and there is a strong wait-and-see atmosphere in the downstream. They mostly purchase on demand, and the trading atmosphere is flat

II. Fundamental analysis

1. International crude oil fell on Monday. The slower than expected employment growth in the United States in March triggered market concerns, while negotiations between Iran and major powers will resume in Istanbul on April 14, easing the hidden worry of supply disruption. Affected by this, the futures price of light crude oil for May delivery on the New York Mercantile Exchange fell by US $0.85 to close at US $102.46 per barrel. The price of Brent crude oil futures for May delivery in London market rose by US $0.76 to close at US $122.67 per barrel

2. Asian naphtha rose on Monday. In April, the price of naphtha naf-1h-tyo rose US $1 to close at US $1068.5 per ton. The naphtha market was supported by falling flat prices and increased gasoline demand in Europe. South Korea's Hunan Petrochemical bought four open specification naphtha shipments, totaling about 100000 tons, and restarted its naphtha cracking unit in Lishui. In addition, China's massive maintenance may affect gasoline exports

3. The closing price of Asian ethylene market rose partially on Monday. CFR Northeast Asia rose $1 to 1361 5 dollars/ton; CFR Southeast Asia News 1400 5 dollars/ton

4. Today, the ex factory prices of PE from major manufacturers are stable, and the mainstream prices of linearity, low voltage and high voltage remain stable. Linearity: 7042 mainstream quotation range of major manufacturers: yuan/ton; Low voltage: the mainstream quotation range of 5000S from major manufacturers is yuan/ton; High voltage: the mainstream quotation range of 2426h is yuan/ton, and the brand of the whole line remains stable

5. Recently, the draft of the Interim Provisions on the administration of the development and utilization of special and scarce coal has been solicited. This indicates that the protective development of scarce coal is officially supported at the policy level. In addition, the Ministry of land and resources will issue supporting measures for the protective development of scarce coal. The draft proposed that the state would implement total production control on special and scarce coal, and the production capacity of new mines would not be increased within 10 years. From a regional perspective, the main scarce coal resources in Shanxi, Heilongjiang, Shandong, Henan, Inner Mongolia and other places will be included in the protective development. Analysts pointed out that in the long run, the era of protective development of scarce coal will support this kind of coal industry

III. Market Overview

international crude oil fell, Asian naphtha rose, and Asian ethylene rose. Domestic PE spot market quotation continued to rise. The mainstream quotation of LLDPE in the domestic market is between yuan/ton, the mainstream quotation of high voltage is between yuan/ton, and the mainstream quotation of low voltage is between yuan/ton

1. The PE market quotation in North China is stable. Futures underperformed and trading was cautious. Supported by high costs, businesses have no intention to sell at a profit; The downstream is more resistant to high priced goods, and the trading is in a stalemate. The linear mainstream price makes the products gradually cool and finalize 0 yuan/ton. Qilu 7042 no tax declaration 10080 yuan/ton, 6098 no tax declaration 10850 yuan/ton, 2480 no tax declaration 10750 yuan/ton, 2100-tn00 no tax declaration 10600 yuan/ton, 2102-t turns more than 80000 employees into more than 2000 independent "small Haier" mode N00 no tax declaration, which will become a perfect choice to control the distribution of gas and liquid flow. Why 10530 yuan/ton, 2102-tn26 no tax declaration? 10530 yuan/ton; Jilin 7042 reported 10700 yuan/ton, Daqing 2426h reported 11350 yuan/ton, Yanshan 5000S reported 11500 yuan/ton, 7600m reported 11600 yuan/ton, Zhongsha Tianjin pn049 reported 11450 yuan/ton, K44 reported 11050 yuan/ton

2. The quotation of PE market in East China is stable. Futures continued to decline, and the market was even more cautious. Merchants' shipments are general, the downstream demand is insufficient and they are more bearish on the aftermarket, and the overall trading continues to be light. Linear mainstream price yuan/ton. Yangzi 7042 reported 10750 yuan/ton, Zhenhai 7050 reported 10600 yuan/ton, Yangzi BASF 2426h reported 11600 yuan/ton, 2426k reported 11350 yuan/ton; Jilin 7042 reported 10650 yuan/ton, Daqing 2426h reported 11400 yuan/ton, and 5000S reported 11400 yuan/ton

3. Consolidation of PE market quotation in South China. Futures ended lower in shock, and the confidence of trading and investment was slightly loosened. Merchants are cautious, and they often ship goods according to the market; Terminal demand has not improved, and trading is under pressure. Linear mainstream price yuan/ton. Maoming Petrochemical 7042 reported 10800 yuan/ton Maoming self delivery, 7144 reported 11100 yuan/ton Maoming self delivery, 2426k reported 11300 yuan/ton Maoming delivery, 2426h reported 11350 yuan/ton Maoming delivery, 5502 reported 11000 yuan/ton delivery; The price of Fulian 7050 is 10700 yuan/ton; Guangzhou Petrochemical 7144 reported 11100 yuan/ton, and Lecong picked it up by itself; Lanzhou 5000S reported 11200 yuan/ton, and Guangzhou self delivery; Guangzhou Petrochemical reported 10700 yuan/ton in 2001, which was collected by Guangzhou itself

IV. outlook

the slower than expected employment growth in the United States in March triggered market concerns. At the same time, the negotiations between Iran and major powers will resume in Istanbul on April 14, easing the hidden worries of supply disruption. Affected by this, international crude oil fell, Asian naphtha rose, and Asian ethylene rose. Today, the ex factory prices of PE from major manufacturers are stable, and the mainstream prices of linearity, low voltage and high voltage remain stable. PE spot market quotation is stable and small. Oil prices fell and futures closed lower after a narrow consolidation, dampening trading confidence. Most merchants ship goods in line with the market, and there is a strong wait-and-see atmosphere in the downstream. They mostly purchase on demand, and the trading atmosphere is flat. It is expected that the PE market may continue to fluctuate at a high level in the short term

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