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Polyethylene morning tips
2019-04-25 08:52
International Crude Oil: 4/24 Closing: The favorable atmosphere brought about by geopolitical tension is still in place, but US crude oil inventories have increased substantially. The IEA said that global supply is still abundant and international oil prices are rising and falling. WTI 65.89 fell $0.41 per barrel and Brent 74.57 rose $0.06 per barrel. SC crude oil futures in China rose 4.30 to 497.8 yuan per barrel in 1906.
PE market forecast: Yesterday, the domestic polyethylene market continued to be weak, the downstream delivery intention was not strong, the actual transaction was flat, the market transaction was still inverted, the inverted range was 50-100 yuan/ton. It is expected that today the domestic polyethylene price is still dominated by weak consolidation, and the mainstream price of LLDPE market is 8350-8450 yuan/ton.
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