External disk observation: PE market price volatility PP market price stability

The rebound of the euro promoted the rise of crude oil, linear fluctuations slightly. The market price of PE US dollar fluctuate within a narrow range. There are signs of a decrease in high-priced offers, and the inquiries atmosphere has improved slightly, but the transaction has not improved much. LLDPE quoted at 1330-1350 US dollars / ton, HDPE film material quoted at 1400-1440 US dollars / ton, LDPE quoted at 1380-1440 US dollars / ton.

Crude oil fell again and the domestic plastics industry continued its turbulence. Most of the PP dollar market quotations held steady, and merchants mainly sold them in real terms. Buyers' inquiries were enthusiastic, and there were only a few transactions. The homopolymer market price is 1420-1450 USD/ton, and the copolymerization market price is 1460-1490 USD/ton.

The latest offers for the PS U.S. dollar market are as follows: Taiwan Taihua 5250 is quoted at 1580 U.S. dollars per ton, 8250 is at 1835 U.S. dollars per ton; Thai petrochemical company is 150 at 1580 U.S. dollars per tonne, and 650 is reported at 1815 U.S. dollars per ton.

Recent price increases have mainly come from high international oil prices, steadily rising ethylene costs and frequent upward adjustments by petrochemical manufacturers. The price of ethylene monomer rose by another 20 US dollars this week, and the price in Northeast Asia rose to 1,300 U.S. dollars per ton. The high petrochemical market is very helpless. According to the feedback from the factory, the downstream construction is improving. However, compared with the same period of previous years, it is still not ideal. Most of the SMEs started to work at around 40%. Therefore, the majority of market buyers are already traders and their atmosphere is strong. The market trend lacks support for demand. On the macro level, GDP growth is expected to fall to 7.5%. The Greek debt issue and the Iranian issue may continue to plagued the international financial and gambling markets. It is expected that if there is more favorable support in the market, there will still be a slight upside for the market offer, and whether or not it can continue to rise requires the market to provide momentum.