PE will be vulnerable to collation

- Mar 27, 2019-

The China plastics price index stood at 940.69 at 15:00 on March 25, up 0.97 from the previous session.

The China plastics spot index was at 1021.14, down 0.01 from the previous session.

Crude oil futures fell in Europe and the United States after weak global manufacturing data sparked fears of a global economic slowdown.

Wti may futures settled at $59.04 a barrel on Friday (March 22), down 94 cents, or 1.6 percent, from the previous session, in a range of $58.28 to $60.07.

Brent crude for may settled at $67.03 a barrel, down 83 cents, or 1.2 percent, from the previous session, in a range of $66.20 to $67.98.

PE market atmosphere is light, market stability small move.

Traders lost mentality, cautious wait after the market, waiting for hot guidance.

Downstream factory general procurement, trading situation has not changed much.

Price: LDPE: 9150-9700 yuan/ton, LLDPE: 8800-10100 yuan/ton, HDPE: wire drawing 9500-9800 yuan/ton, plastic injection 8800-11200 yuan/ton, thin film 9600-10100 yuan/ton, hollow material 9400-10500 yuan/ton.

In addition to the current demand factors continue to restrict the market, some petrochemical prices also reduced the formation of a crackdown on the market.

Traders worry about risk sentiment has increased, many shipping to seek a deal.

Zhejiang plastic market is expected, the recent PE market may be weak collation market.