Dalian Plastics ** rebounded in early trading on the 5th, and the main 1201 contract closed at 10,770 yuan/ton, down by 45 yuan. The market is still in an uncertain atmosphere. The drop in crude oil has a significant impact on the chemical market. At present, even Plastics faces certain challenges in terms of upstream costs and cash supply. The situation of plastic fundamentals is relatively stable. The upstream cost factors such as naphtha and ethylene prices are relatively stable. The ex-factory price and spot price remain at around 10600. The domestic CPI will be announced on Friday, and the market waiting for the data may cause the market to continue to oscillate. It is expected that even the plastic or shock will be adjusted recently.
The New York Mercantile Exchange (NYMEX) crude oil fell at the beginning of the Asian market on September 5, and the previously announced US nonfarm payrolls report ignited recession concerns, overshadowing the impact of oil production facilities being shut down due to tropical storm Lee. As of 11:30 p.m. Beijing time, NYMEX crude oil in October fell by US$0.62 to US$85.83 per barrel.
Asian ethylene market widened lower on Friday, CFR Northeast Asia closed at 1115.5-1117.5 US dollars / ton, compared with the previous trading day fell 25 US dollars / ton; CFR Southeast Asia closed at 1095.5-1097.5 US dollars / ton, compared with the previous trading day fell 30 US dollars /Ton. Although the Asian ethylene closing price has declined, but this price is still higher than some merchants expected, while the spot market supply is abundant, the downstream business inventory is high, the business procurement interest is not high, the market outlook is no shortage of possible.
In the spot market, the market offer increased by 50-100 yuan/ton from the previous week, which was mainly supported by the rise in international oil prices and petrochemical price increase, but its market inventory remained high, offsetting the increase in downstream demand and supporting the market. The weekend fell sharply. , market speculation enthusiasm to cool down, high price transaction atmosphere is light.
At the beginning of the month, chemical/petroleum was listed and sold, but the listed price has been reduced significantly compared with the previous period, which is a great blow to market information. Combined with the expected decline in both domestic and international demand, the demand of middlemen and downstream manufacturers has decreased significantly compared with the same period of last year. However, due to the small price difference between petrochemical settlement price and spot price, the middleman's low price may not be sold in the short term. Spot support is still in force.
The New York Mercantile Exchange (NYMEX) crude oil fell at the beginning of the Asian market on September 5, and the previously announced US nonfarm payrolls report ignited recession concerns, overshadowing the impact of oil production facilities being shut down due to tropical storm Lee. As of 11:30 p.m. Beijing time, NYMEX crude oil in October fell by US$0.62 to US$85.83 per barrel.
Asian ethylene market widened lower on Friday, CFR Northeast Asia closed at 1115.5-1117.5 US dollars / ton, compared with the previous trading day fell 25 US dollars / ton; CFR Southeast Asia closed at 1095.5-1097.5 US dollars / ton, compared with the previous trading day fell 30 US dollars /Ton. Although the Asian ethylene closing price has declined, but this price is still higher than some merchants expected, while the spot market supply is abundant, the downstream business inventory is high, the business procurement interest is not high, the market outlook is no shortage of possible.
In the spot market, the market offer increased by 50-100 yuan/ton from the previous week, which was mainly supported by the rise in international oil prices and petrochemical price increase, but its market inventory remained high, offsetting the increase in downstream demand and supporting the market. The weekend fell sharply. , market speculation enthusiasm to cool down, high price transaction atmosphere is light.
At the beginning of the month, chemical/petroleum was listed and sold, but the listed price has been reduced significantly compared with the previous period, which is a great blow to market information. Combined with the expected decline in both domestic and international demand, the demand of middlemen and downstream manufacturers has decreased significantly compared with the same period of last year. However, due to the small price difference between petrochemical settlement price and spot price, the middleman's low price may not be sold in the short term. Spot support is still in force.
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