The hottest PE daily review in September plastic w

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PE daily review: September plastic watershed - long drought meets manna

today's viewpoint: PetroChina said on Wednesday that PetroChina needs to import more Venezuelan crude oil in the future to supply its upgraded Liaoyang Petrochemical Company

China National Petroleum Corporation said at its station that Liaoyang Petrochemical, which processes 180740 barrels of crude oil per day, has completed the transformation of the atmospheric and vacuum distillation unit. In the future, the capacity of this unit to process Venezuela's high sulfur crude oil can reach 70290 barrels per day, except for a series of industry-leading hydrofluoroelkenes with low global warming potential

China National Petroleum Corporation said that Liaoyang Petrochemical processed 388490 barrels of Venezuelan crude oil during the trial in the past month, and its processing capacity will be expanded in the future

in the past, Liaoyang Petrochemical's main crude oil suppliers were usually Daqing Oilfield and Liaohe Oilfield under PetroChina. However, the reduction of the above oil field production and the continuous growth of domestic oil demand have prompted Liaoyang Petrochemical to import crude oil from abroad

in 2006, Liaoyang Petrochemical completed a set of equipment for processing Russian crude oil. This year, the company imported crude oil from Venezuela, and the sources of crude oil imports were further diversified

Venezuela exported 5.18 million tons of crude oil to China in the first seven months of this year, or 38million barrels, an increase of 93.8% over the same period last year

prediction: prediction of the next wave of market: Lao Xie predicts that the next wave of plastic market should start after September 20. The reasons are as follows for reference only:

1. The end of the Paralympic Games means that the country will devote 100% of its energy to the direction of saving the economy. Strengthening exports and maintaining the stability of the RMB are the top priorities. We know that many downstream products enterprises in this industry rely on exports to survive. The number of orders directly affects the survival status of enterprises. Although many small and medium-sized enterprises have closed down today due to the downturn of the general environment, in such a large market as China, as long as the national macro policies are adjusted properly, the closed enterprises can still make a comeback. Once the downstream production enterprises have a relatively stable economic environment, the demand is bound to gradually rise

2. The continuous earthquakes in Southwest China have seriously affected the local area and seriously threatened the survival and development of the people. The Wenchuan earthquake in June in the early stage and the demand for raw materials in the later disaster relief have really made the raw material market popular. I believe that as long as it is demand, no matter how big or small, the market can magnify it infinitely like a magnifying glass. I don't suggest that you must make a fortune, but the gap of raw materials needed for the later reconstruction in the southwest region (Sichuan and Yunnan) is really there. It depends on how we "strive" for it in the later market

3. The agricultural film season in the north, which should have been in large quantities, has been delayed again and again due to the Olympic Games and power rationing = = many adverse effects. Thanks for the last batch of plastic film season, I'm sure there will be a large demand after the Paralympic Games. At present, the two petrochemical giants are still worried about the huge inventory that cannot be digested. All the 18 policies have been used, and the market still has no effect. In the early stage, many people did spot goods and followed futures blindly. I have said that spot goods and futures are at a dead end. Facts have proved that the market has only risen for two days, and the price has returned to the old way. Downstream enterprises are not fools. At present, 50% of the government's thinking and energy are still on the Olympic Games. When the national macro policy is still a month in the mirror and a flower in the water, all policies are on paper, and enterprises will not take risks to receive goods in large quantities. Therefore, the market needs a large-scale market, and only when the general environment is improved

summarize the following major advantages: 1. The end of the Olympic Games 2. Demand in the southwest 3. The prolonged delay of the agricultural film season will inevitably lead to a sharp rebound in demand 4. The recent trend of slight downward oscillation in international oil prices will reduce the pressure on Petrochemical costs 5. In the early stage of the petrochemical Olympic Games, the market was perfunctory, and the reduction of production was not in place, and the consequences were self inflicted, This time, I finally made up my mind to reduce production, which is also an explanation for the later market (how strong the implementation is, waiting for the observation that pesticide resistant light stabilizers can avoid the premature aging and decomposition of greenhouse film). To sum up, it should be judged that there will be a batch of upward market around September 20 at a time. As for how long it can last, we have to follow the market

1 2 Temperature and humidity, opening review

yesterday's inventory: the market wait-and-see atmosphere is strong

today's highlights: the market quotation is stagnant, the downstream demand is low, the petrochemical inventory increases, and the production of some units is reduced

focus of tomorrow: Petrochemical ex factory price trend, market mentality and market price trend, external market situation during the Paralympic Games

II. Raw materials

Brazilian energy minister Edison Lobao said on Wednesday that Iran invited Brazil to join the organization of Petroleum Exporting Countries (OPEC) last month, and said that the Brazilian government had not responded to the request. "He came to issue a formal invitation. We are still evaluating it," Lobao said, referring to a visit by the Iranian ambassador to Brazil two weeks ago. Brazil shocked the world last year with the discovery of the largest oil field in 20 years. Located on the southern coast of Brazil, the region is 800 kilometers (500 miles) long and 200 kilometers (125 miles) wide. Analysts say it may contain 80 billion barrels of oil


although the ethylene plant in Japan shut down unexpectedly, the ethylene price in Northeast Asia did not rise on Wednesday. The No.2 naphtha cracking unit of Mitsubishi Chemical, located in Kagoshima, with an annual capacity of 476000 tons, closed for two weeks on Monday night due to a minor failure. The failure is under investigation, but traders said on Tuesday that the propylene production unit connected to the cracking unit had mechanical failure. Market participants said that parking has not yet stimulated additional spot demand, which has led to stable prices. A trader said that Japan's ethylene inventory is currently large, and insufficient production is easy to be filled. Another person said that parking for two weeks is not long and will not have a great impact. There was no firm offer on that day. I heard that the purchase intention is at US $1300/ton CFR Northeast Asia or below. The sales intention is reported at 1350 US dollars/ton CFR Northeast Asia. Prices in Southeast Asia rose slightly by $10/ton due to the emerging demand for delivery of ships in the second half of October. A PE manufacturer in Indonesia offered us $1300/ton CFR Indonesia for the shipment delivered in the second half of October, and there was no corresponding counter-offer

III. ex factory price dynamics

PetroChina: the price of PetroChina in South and East China decreased

Sinopec: the price of Sinopec in Guangzhou decreased

other petrochemicals: price stability

IV. market quotation

price trend: the international oil price hovered, the prices of major monomers continued to fall sharply, and market confidence was deeply suppressed. In the face of the volatile market, both traders and downstream users have little intention to stock up. The former operates cautiously, while the latter uses and buys now. However, the regional sales company of PetroChina lowered the listing price and ex warehouse price of some varieties, and Sinopec was still forced by inventory pressure The jaw quality is poor, and the price may be reduced. Judging from the current market, not only the terminal demand is insufficient, but also other favorable factors are relatively lacking. It is expected that the polyethylene market will be dominated by consolidation in the short term

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