Brief introduction to HDPE market of China Plastic

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As of 10:00 a.m. on March 31, China's plastic price index was at 1032.74 points, down 3.17 points. The China Plastics spot index rose 0.08 points to 1130.63 points

I. upstream express:

nymex May 30 light and low sulfur crude oil futures contract closed up $0.20 to $82.37 per barrel. Ice 30 may Brent crude oil futures closed up $0.11 to $81.28 a barrel

II. Manufacturer dynamics:

CNPC South China HDPE pricing sales

in January (1) of the production year of Shanghai Secco HDPE Plant, the imported raw spodumene ore exceeded 1.7 million tons of FA

Shanghai Jinfei HDPE plant produces 5502

Sinopec South China HDPE is priced and sold normally

today, CNPC East China HDPE is priced and sold, and the inventory is normal

III. local market conditions:

the listing of HDPE in Zhongsu spot mall this morning. Some brands have been adjusted, with a range of yuan/ton. Lanzhou Petrochemical 60550ag reported 10100 yuan/ton, down 50 yuan. Shanghai Secco hd5502fa reported 9950 yuan/ton, up 20 yuan

the PE market in Linyi is stable, with light market trading. At the end of the month, the merchants mainly wait and see the shipment, and the overall inventory is not large. 6098 yuan/ton, Yangzi 5000S yuan/ton and PetroChina 5000S yuan/ton

the PE market of Qilu Chemical Industry City is not very active in buying, and the downstream inquiry is the main one, and the early morning offers of some merchants are slightly lower

the PE market in Yuyao is light with few enquiries. Some quotations are slightly soft. At the end of the month, the merchants intend to take the goods. CNPC 5000S quoted RMB/ton, and Yangzi 5000S quoted RMB 11250/ton

at the end of the month, the PE market around Yanshan was stable, there were few goods in the downstream, and the transaction continued to be light. Affected by the non billing of petrochemicals and the new price in the next month, the merchants' mentality was wait-and-see, and the goods were mainly sold at a stable price, but the transaction was partially lower by RMB/ton

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