The hottest international crude oil fell, and the

International crude oil fell, PE spot market was weak and difficult to change

I. market overview

international crude oil fell, Asian naphtha fell, and Asian ethylene closed flat. 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 slightly weakened. European debt worries rose again, and oil prices fell under pressure. Futures closed lower, the linear market price fell, high and low pressure, less goods and stable prices. Merchants sell at a profit, but the willingness of downstream receiving is not high, and transactions are rare

II. Fundamental analysis

1. International crude oil fell on Tuesday. China's crude oil imports fell to 5.55 million barrels per day in March, a decrease of 400000 barrels month on month, increasing investors' concerns about future international crude oil demand. Affected by this, the futures price of light crude oil for May delivery on the New York Mercantile Exchange fell by $1.44 to close at $101.02 per barrel. The price of Brent crude oil futures for May delivery in London market fell by US $2.79 to close at US $119.88 per barrel

2. Asian naphtha fell on Tuesday. Japanese open specification naphtha price in April fell by US $3.50 to close at US $1065 per ton under naf-1h-tyo without adjustment. Formosa Plastics, Asia's largest buyer of naphtha, is looking for open specification naphtha shipments that arrive in the second half of May. LG Chemical bought 7. 5% of the total on Tuesday Ten thousand tons of cargoes arrived in the second half of May, and South Korea Yichuan naphtha cracking Center (yncc) may have purchased some cargoes arrived in the second half of May through private negotiation

3. The closing price of Asian ethylene market closed flat on Tuesday. CFR Northeast Asia 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, during the 13th Asia International Furniture Materials Expo, experts from the furniture industry and wood plastic composites industry and representatives of dozens of enterprises jointly discussed the application prospect of wood plastic composites in the furniture field. They agreed that wood plastic composite 2. The time for building construction machinery and materials to enter the furniture industry is ripe. After more than ten years of development, China's wood plastic composite industry has made great progress in processing technology and product performance, which can fully meet the requirements of the furniture industry for materials. Moreover, compared with solid wood and fiberboard, wood plastic composites have outstanding advantages in wear resistance, corrosion prevention, moisture resistance, flame retardancy, environmental protection and so on. Wood plastic composites also have a biggest advantage, that is, the materials do not contain harmful gases such as formaldehyde, which provides a good solution to the criticized problem of excessive formaldehyde in furniture

III. Market Overview

international crude oil fell, Asian naphtha fell, and Asian ethylene closed flat. Domestic PE spot market quotation slightly weakened. 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 fell. Futures fell continuously, and the linear market price fell. The business mentality is more cautious, and the shipment is general; The downstream inquiry performance is not optimistic, and the market continues to be weak. Linear mainstream price yuan/ton. Qilu 7042 has no tax return of 10080 yuan/ton, 6098 has no tax return of 10850 yuan/ton/but China's plastic production capacity has increased by tons in recent years, 2480 has no tax return of 10750 yuan/ton, 2100-tn00 has no tax return of 10600 yuan/ton, 2102-tn00 has no tax return of 10530 yuan/ton, 2102-tn26 has no tax return of 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 fell slightly. Some petrochemicals reduced production, but the trend of futures was sluggish, and the trading was slightly loose. Many merchants actively shipped goods, but the downstream factories maintained a low opening rate and the transaction was cold. 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. The quotation of PE market in South China closed lower. Futures fell continuously, increasing the wait-and-see mentality of the market. Merchants mostly ship goods according to the market, and some sell at a profit; The willingness of the terminal to receive goods is not high, and the delivery 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

China's crude oil imports fell to 5.55 million barrels per day in March, a decrease of 400000 barrels month on month, increasing investors' concern about future international crude oil demand. Affected by this, international crude oil fell, Asian naphtha fell, and Asian ethylene closed flat. Today, the ex factory prices of PE from major manufacturers are stable, and the mainstream prices of linear, low-voltage and high-voltage are guaranteed, and everyone is independent and stable. PE spot market quotation slightly weakened. European debt worries rose again, and oil prices fell under pressure. Futures closed lower, the linear market price fell, high and low pressure, less goods and stable prices. Merchants sell at a profit, but the willingness of downstream receiving is not high, and transactions are rare

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content