APRIL 25,2019

Review of Polyethylene Market at noon

2019-04-25 13:35

Today's crude oil: 4/24 closing: Geographical tensions continue to bring a positive atmosphere, but U.S. 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.

Linear futures: This morning, futures continued to oscillate, with a range of 0.00%, with a maximum of 8305 yuan/ton and a minimum of 8255 yuan/ton.

PE market: The domestic polyethylene market fell slightly this morning. On the petrochemical side, most of the major regional sales companies have stable unit prices, small fluctuations in linear futures, wait-and-see attitude of businessmen, slightly negative decline in delivery quotations, and slightly improved low-level trading in the interval. By the end of the morning, the North China market was down 50-100 yuan/ton; the East China market was down 50 yuan/ton; the South China market was down 50 yuan/ton; and the Southwest market was down 50 yuan/ton.


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