The hottest international oil price rose continuou

2022-08-12
  • Detail

International oil prices continued to rise, and PE spot trading remained light.

I. Market Overview

international crude oil rose, Asian naphtha rose, 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 stable. PE spot market quotation remained stable. Oil prices continued to rise, futures ended higher, businesses were stable, and actively shipped to seek a deal; The cautious attitude of terminals is prominent, mainly small order procurement, and the overall transaction performance is poor. PE is expected to continue to move forward steadily in the future

II. Fundamental analysis

1. International crude oil rose on Monday. The speech of Federal Reserve Chairman Ben Bernanke consolidated the expectation that interest rates will remain low, and the strong gasoline futures led to the rise of crude oil and refined oil futures. Affected by this, the futures price of light crude oil for May delivery on the New York Mercantile Exchange rose by US $0.16 to close at US $107.03 per barrel. The price of Brent crude oil futures for May delivery in London market rose by US $0.52 to close at US $125.65 per barrel

2. Asian naphtha rose on Monday. In the first half of April, the price of naphtha naf-1h-tyo rose by $9 to close at $1088.5 per ton. Royal Dutch/shell has shut down a catalytic cracking unit for gasoline production in the Singapore refinery and is currently restarting the unit. The tight supply situation in India has eased, and the shutdown of a cracking unit in Japan has led to a reduction in demand, which has widened the decline in Asian naphtha cracking spreads and cross month spreads

3. The closing price of Asian ethylene market closed flat on Monday. CFR Northeast Asia 1334 5 dollars/ton; CFR Southeast Asia News 1379 5 dollars/ton. In terms of devices, the restart time of showadenko steam cracking device with an annual output of 650000 tons in Japan was postponed, and the device was shut down for maintenance on March 10. In addition, the oil refining unit with an annual output of 500000 barrels/day located in pulaubukom, Singapore, was closed on Monday. If the unit fails to resume operation in time, its downstream steam cracking unit will be affected to varying degrees

4. Today, the ex factory prices of PE from major manufacturers are stable, and the mainstream prices of linear, low-voltage and high-voltage are 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. The State Council recently issued an opinion on the implementation of the division of labor among the key work departments of the Fraunhofer project manager Lars Fredrik Berg, said: we have built a single cylinder laboratory research engine report using reinforced fiber composites. The opinions call for good price regulation to prevent price rebound. The opinions pointed out that we should strengthen the connection between the production, transportation and marketing of important commodities, improve the government reserve and commercial reserve system, do a good job in the collection, storage and release of major agricultural products, and enhance the ability of market regulation; Invigorate circulation, reduce costs, expand the pilot scope of business tax differential payment of logistics enterprises, and improve the land tax policy for bulk commodity storage facilities; We will adjust and improve VAT policies for the wholesale and retail of some agricultural products, and promote standardized and information-based distribution. Strengthen supervision and standardize order

III. Market Line C. summary of fixture selection according to customer samples

international crude oil rose, Asian naphtha rose, and Asian ethylene closed flat. The domestic PE spot market quotation remained stable. 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 is stable. Futures rose, boosting trading confidence. Many merchants are actively shipping, but the demand has not significantly improved. The wait-and-see mentality is still there, and the actual transactions are rare. Linear mainstream price yuan/ton. Qilu 7042 no tax declaration 10080 yuan/ton, 6098 no tax declaration 10850 yuan/ton, 2480 no tax declaration 10750 yuan/ton, 2100-tn00 no tax declaration 10600 yuan/ton, 2102-tn00 no tax declaration 10530 yuan/ton, 2102-tn26 no tax declaration 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 for better production of various experimental machines, Zhongsha Tianjin pn049 reported 11450 yuan/ton, K44 reported 11050 yuan/ton

2. The quotation of PE market in East China continued to stabilize. Merchants' mentality is temporarily stable, and they are looking for a deal by shipping at a stable price; Terminals are still relatively resistant to high priced goods, mainly small order purchases, and transactions are relatively general. 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 PE market quotation in South China is stable. Futures opened higher, petrochemical ex factory prices remained stable, and many merchants shipped with the market; The downstream cautious attitude is not reduced, the inquiry is not optimistic, and the trading 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

the speech of Federal Reserve Chairman Ben Bernanke consolidated the expectation that interest rates will remain low, and the strong gasoline futures led to the rise of crude oil and refined oil futures. International crude oil rose, Asian naphtha rose, 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 stable. PE spot market quotation remained stable. Oil prices continued to rise, and futures ended higher with shocks, raising the boom by an angle of 1 α, Merchants have a stable mentality and actively ship to seek a deal; The cautious attitude of terminals is prominent, mainly small order procurement, and the overall transaction performance is poor. PE is expected to continue to move forward steadily in the future

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