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Intensive maintenance makes PE market firm

1. China PE capacity and output China PE capacity totaled 16.47 million mt/yr in 2017, up by 7.93% against that in 2016.

03-27-2017 17:42:32

PE market to be bullish underpinned by the national policies in 2017

On February 3rd, the first working day, People's Bank of China raised the OMO and SLF interest rate. And monetary policy will continue to be tight in the short term as the requirement of financial de-leveraging and current macroeconomic fundamentals in China.

02-09-2017 14:39:59

PE market will be in cautious but optimistic sentiment after PBC raised the interest rate

It is learned that PE inventory increased to 980,000 mt after the Spring Festival and may reach over 1 million mt when downstream players start the operation after the Lantern Festival(February 11th, 2017).

02-08-2017 15:59:13

Financial side may support PE market after PBC increased the Reverse Repo

The oil price moved up consecutively aminly because USD picked up influenced by the agreement on “production freezing” at the end of November and the market confidence was greatly rallied when non-OPEC members agreed to join the “production reduction”.

12-29-2016 11:38:37

Information about PE market in the Central Economic Working Conference of 2017

The Central Economic Working Conference in 2017 was held in Beijing from December 14th to December 16th.

12-26-2016 16:06:42

The PE market won’t be too optimistic in January with both bullish and bearish factors

Crude oil price began to move up since OPEC’s agreement on “production reduction” was done by the end of November; the price in December mostly ranged around $49-55/bbl, up by $5/bbl from that in November.

12-26-2016 11:16:57

The decline in PE market will be limited underpinned by the low inventory

According to JLC, the total China PE output by now is 16.17 million/yr, up by 8.09% from 2015. From January to November, the accumulative output was 12.919 million, up by 1.745 million from the same period of 2015, or 15.62%;

12-26-2016 09:42:34

The foreign PE market will be in bullish trend in the 1st quarter of 2017

By comparing the inventory of petrochemical companies in 2015 and 2016, it can be found that except for a large amount of inventory accumulation due to the market-off during Lunar New Year holiday,

12-22-2016 10:58:42

PE market will keep adjustment after the demand is weakened by environmental protection

Inspection group of environmental protection has entered and stationed in Guangdong, while Baiyun District and the cosmetics factories will be the key supervision regions.

12-21-2016 11:17:35

China's low SOE plastic inventory will underpin the PE market in 2017

The petrochemical plastic inventory increased to high level since the Spring Festival in 2016, and was in downward trend after then; by the end of May particularly, the overall inventory declined below 700,000 mt.

12-20-2016 17:55:08

Factors influencing PE market in 2016

In recent years, PE feedstock was in a diversified development and thickened the competition in China at the same time. The influence of crude oil on the market had decreased, so what was influencing the PE market in 2016?

11-30-2016 10:46:57

PE market may have limited decline in December

PE market underwent an up-then-down cycle in November. Early November, PE market moved up greatly supported by the tight supply,

11-29-2016 13:41:25

Analysis on LDPE market

After the surging in October, LDPE price seems to be bearish without the support of tight resource supply in regions.

11-29-2016 11:09:52

High price and declined capacity would continue to drag down PE market

I Plastic feedstock reach a record high amid the continuous production price

11-23-2016 18:06:27

PE market is in poor sales for high price although underpinned by the declined resource

The overall supply of Sinopec in November decreased slightly by 4,615 mt from that in October, among which regional supply of North China and East China accounted for 32% and 23%, and increased by 1,070 mt and 8,241 mt respectively;

11-21-2016 15:58:33

RMB devaluation brings great changes to PE market

U.S.D index is strengthening gradually amid the prediction on FED’s raising interest rate in December, and it is in bullish trend because the trade protection policy rallied the American economy since Trump won the election.

11-17-2016 14:19:00

Analysis on the renewable PE market trend

During November 4th to November 10th, the market maintained the upward trend and was underpinned by the strong LLDPE futures, less resource and firm petrochemical price.

11-15-2016 14:02:23

PE market will have limited decrease after the futures hit the limit down suddenly

After the price increased to the record high continuously, PE futures hit the limit down suddenly, and transaction in the spot market became slack accordingly, leading to traders’ confusion toward current market.

11-15-2016 11:02:47

PE market will keep high in the short term amid sufficient hot money and scarce resource

After the National Day Holiday, China PE market increased greatly, with LDPE up by 21.69% and LLDPE up by 13.33%. After the adjustment during the second week in November, the market back to the bullish trend again. Traders had no much choice when there was capital but lack of goods in the market.

11-14-2016 17:50:35

Risk in PE market increases amid the up-going price

China petrochemical inventory keeps low in October and the market is expected to be bullish in early November.

10-25-2016 09:52:24

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