This week, the domestic PP market fell back after rising. As of this Thursday, the average price of East China wire drawing was 7743 yuan/ton, up 275 yuan/ton from the week before the festival, an increase of 3.68%. The regional price spread is expanding, and the drawing price in North China is at a low level. On the variety, the spread between drawing and low melting copolymerization narrowed. This week, the proportion of low melting copolymerization production decreased slightly compared with the pre-holiday, and the spot supply pressure has eased to a certain extent, but the downstream demand is limited to inhibit the upward space of prices, and the increase is less than that of wire drawing.
Forecast: The PP market rose this week and fell back, and the market is expected to be slightly weak next week. Taking East China as an example, it is expected that the drawing price next week will run within the range of 7600-7800 yuan/ton, the average price is expected to be 7700 yuan/ton, and the low melting copolymerization price will run within the range of 7650-7900 yuan/ton, the average price is expected to be 7800 yuan/ton. Short-term crude oil is expected to fluctuate widely, and PP guidance from the cost side is limited. From the fundamental point of view, there is no new production capacity impact in the near future, while there are more maintenance devices, the supply is expected to be slightly reduced, and the inertia of the production enterprises is accumulated after the holiday, and the continuation of the warehouse is mainly. Downstream resistance to high-price sources of goods is obvious, more consumption of low-price raw material inventory prepared before the holiday, cautious procurement into the market, the demand side restricts the market upside space. On the whole, the short-term demand and economic status quo have not improved significantly, but the market still expects the transmission effect of the policy, based on which it is expected that the PP market will be slightly weak next week.
This week, the domestic PE wrap film market quotation rose first and then shook mainly. Reference quote: hand winding film reference 9250-10700 yuan/ton; Machine winding film reference 9550-11500 yuan/ton (price conditions: self-withdrawal, cash, including tax), solid offer to maintain a single talk. The price was unchanged from the previous trading day, 200 higher than last week, 150 higher than last month and 50 higher than last year. This week, the domestic polyethylene market continued to rise. After the holiday, the favorable atmosphere of macro policies still exists, and the performance of the broad market and futures market is strong, boosting the mentality of market participants. However, with the market price rising to a relatively high level, the change of terminal orders is limited, the enthusiasm for receiving high-priced raw materials is reduced, and some prices are falling slightly. In terms of winding film, the raw materials went up in the early stage, although the enthusiasm of the factory has increased, and the price of the film enterprise has increased with the change of the raw materials, but the mentality is cautious, the subsequent price has fallen slightly, and the factory continues to purchase mainly.
Forecast: From the cost point of view, Zhuo Chuang information expects that the price of the domestic PE market will be partly weak next week, among which, the mainstream price of LLDPE will be 8350-8850 yuan/ton. Next week, oil prices will fluctuate broadly, slightly supporting spot market prices; From the supply point of view, the domestic petrochemical supply is expected to decrease; In terms of winding film, the start of enterprises has not changed much, but the price of raw materials has risen, the profit space has narrowed, the factory procurement mentality is cautious, and the speculation intention is low. It is expected that the winding film market will adjust in a narrow range next week, and the reference for hand winding film will be 9250-10700 yuan/ton; Machine winding film reference 9550-11500 yuan/ton, solid offer a single talk.
Post time: Oct-11-2024