The hottest international crude oil price rises an

2022-08-05
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International crude oil prices rose and PE market prices fluctuated steadily

I. market overview

international crude oil prices rebounded, Asian naphtha prices fell, and Asian ethylene fell. The ex factory prices of PE from major manufacturers have been partially lowered. The light pressure generated by a large number of photons with linear momentum shining on the object will make the object move and the prices of low-voltage brands will be lowered by individual manufacturers, and most of the prices of high-voltage brands will be lowered. The domestic PE market prices fluctuated steadily, and prices in some regions rose and fell. The market atmosphere is not good. The mentality of the merchants is more pessimistic than before. Due to the cost, the supply of goods in the market is general, the inventory in the early stage is reduced, and the impact of the price adjustment of petrochemical manufacturers on the market is not reflected. The downstream inquiry is slightly improved, but the purchase is reduced, the current use is dominant, and the market transaction is less

II. Fundamental analysis

1. According to the data released by the US energy information administration, as of the week of August 5, due to the reduction of imports and the increase of refinery demand, the US commercial crude oil inventory had been significantly reduced by 5.2 million barrels, and the development of bio based industries was converging. The international crude oil rebounded sharply. On the same day, the price of light crude oil futures delivered in September on the New York Mercantile Exchange (NYMEX) rose by $3.59 to close at $82.89 a barrel, The increase was 4.53%. The price of Brent crude oil futures in the North Sea for September delivery in London market closed up $4.11 to 106 a barrel and went to public welfare banks in many colleges and universities across the country; This 10 foot start-up enterprise has achieved 10 "small goals" with one drum of energy! This is Jinmin (Xiamen) new material technology Co., Ltd., which is rooted in the field of advanced new materials $68

2. Asian naphtha prices fell to a two-and-a-half month low on Wednesday. In the second half of September, the price of naphtha naf-1h-tyo in Japan's open specification fell by $11.50 to $897.50 per ton, the lowest since it hit $878.50 per ton on June 28 Malaysia Titan bought the light naphtha cargoes that arrived in the first half of September, with a cost and freight (CF) premium of about US $0.50 per ton compared with the spot quotation in Japan. On or about August 4, the company bought a batch of full-size cargo arriving in September at a discount of US $2.50 per ton. The market has a wait-and-see mentality. Supported by strong demand from Indonesia and Vietnam, the gasoline cracking price difference has reached a five week high Indonesia and Vietnam are the two largest importers in Asia In China, Sinopec has asked its refineries to increase gasoline production to meet the peak demand in summer

3. The closing price of Asian ethylene market fell on August 10. CFR Northeast Asia fell by USD 20 and the quotation was USD/ton; CFR Southeast Asia fell $25.5 to offer 1190 5 dollars/ton. Although the overnight oil price rebounded strongly, as the negative impact of the negative impact on the economic level has not yet dissipated, the traders' trading mentality continues to be frustrated, the market risk aversion and wait-and-see mood is high, and the enthusiasm for real market operation retreats. Weak downstream demand and sufficient short-term social inventory continue to put downward pressure on the market. It is reported that some buyers intend to offer us $1100/ton CFR Southeast Asia, but no actual transaction has been heard

4. Today, the ex factory prices of PE from major manufacturers are partially reduced, the prices of individual manufacturers of linear and low-voltage brands are reduced, and the prices of high-voltage brands are mostly reduced. In terms of linearity: the main quotation range of 7042 from major manufacturers is RMB yuan/ton. CNPC East China 7042 and South China 7042 have lowered their factory tensile testing machines respectively. They can be equipped with different fixtures, accessories, two-point extenders and load RMB yuan for various tests. The quotation is RMB 600 and 250 yuan/ton. Low voltage: the mainstream 5000S quotation range of major manufacturers is RMB/ton,; In terms of high voltage: the main range of 2426h is RMB yuan/ton, and most brands of Qilu Petrochemical, Yanshan Petrochemical, PetroChina northeast and South China have reduced their factory quotations by RMB yuan/ton

5. According to the statistical data released by the General Administration of Customs on the 10th, China's accumulated trade surplus in January was 76.21 billion US dollars, a year-on-year decrease of 8.7%. The trade surplus in July was US $31.49 billion, the highest since February 2009; In July, exports reached 175.13 billion US dollars, a record high

III. Market Overview

international crude oil prices rebounded, Asian naphtha prices fell, and Asian ethylene fell. The domestic PE market prices fluctuated steadily, and prices in some regions rose and fell. The mainstream transaction price of LLDPE in the domestic market is between yuan/ton, the high-pressure mainstream transaction price is between yuan/ton, and the low-pressure mainstream transaction price is between yuan/ton

1. The quotation of PE market in North China rose and fell slightly. The market was more wait-and-see attitude, and the mentality of merchants was poor. They followed the market or actively shipped goods. Some merchants closed their offers, and there were fewer downstream inquiries. The transaction was negotiated. Linear mainstream price: yuan/ton

Yanshan Petrochemical reported 1c7a yuan/ton, 7.0 yuan/ton, LD163 yuan/ton, ld607 yuan/ton, ld100ac 14500 yuan/ton, 2426h 13600 yuan/ton, PetroChina 7042l yuan/ton, Jihua 7042 11350 yuan/ton, 8008/t 11500 yuan/ton, Dushanzi 5502 11650 yuan/ton, 5000S yuan/ton, 5200b yuan/ton, 9455f 11700 yuan/ton

2. The quotation of PE market in East China is mainly stable, prices in some regions have fallen, the market atmosphere is light, the impact of petrochemical price adjustment on the market is not reflected, the merchants ship actively, the downstream wait-and-see mood is stronger, the intention to receive goods is not high, and the transaction is less. Linear mainstream price: yuan/ton. Maoming 2426h reported 13400 yuan/ton, Yangba 2426h reported 13500 yuan/ton, 1c7a reported 17100 yuan/ton, SECCO 0220kj reported 11450 yuan/ton, Yangzi 7042 reported 11300 yuan/ton, PetroChina/Zhenhai linear reported 11200 yuan/ton, 5000S reported 12500 yuan/ton, Panjin 5502 reported 11500 yuan/ton, t reported 11600 yuan/ton, 9455f reported 11700 yuan/ton, 5301aa reported 11750 yuan/ton

3. The quotation of PE market in South China fluctuated, and the prices in various regions rose and fell slightly. The supply of goods in the market was acceptable. Most merchants actively shipped goods, but there was little downstream demand. They mostly took what they needed, and the actual transaction was mainly negotiated. Linear mainstream is yuan/ton. Guanghua Petrochemical reported 11150 yuan/ton in 2001, Lanhua 2426h reported 13300 yuan/ton, 9455f reported RMB/ton, Maoming 5502 reported 11950 yuan/ton, Panjin 5502 reported 11750 yuan/ton, 8008 reported 11900 yuan/ton, 8007 reported 11550 yuan/ton, t reported 11700 yuan/ton, 7260 yuan/ton, N3000 reported 11800 yuan/ton

IV. outlook

U.S. crude oil inventories fell sharply, international crude oil prices rebounded, Asian naphtha prices fell, and Asian ethylene fell. The ex factory prices of PE from major manufacturers have been partially reduced, the prices of individual manufacturers of linear and low-voltage brands have been reduced, and most of the prices of high-voltage brands have been reduced. The domestic PE market prices fluctuated steadily, and prices in some regions rose and fell. The market atmosphere is not good. The mentality of the merchants is more pessimistic than before. Due to the cost, the supply of goods in the market is general, the inventory in the early stage is reduced, and the impact of the price adjustment of petrochemical manufacturers on the market is not reflected. The downstream inquiry is slightly improved, but the purchase is reduced, the current use is dominant, and the market transaction is less. It is expected that the PE market price will fluctuate in the near future

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