On May 27, polyolefin fluctuated, and the final contract of l2009 was 6480 yuan / ton, – 0.08%, pp2009 was 7138 yuan / ton, + 0.31%. The price difference of pp-ll in 09 contract is 658 yuan, and the price comparison is 1.1015 yuan. The price of methanol 09 is 1704 yuan / ton. The price of PP / Ma is 4.1890, and the price difference of pp-3ma is 2026 yuan. Brent’s main crude oil price was – 4.50% yesterday, with the current price of US $34.71/barrel.

In terms of spot goods, today’s futures are volatile, the enthusiasm of traders for shipment is acceptable, the demand for wire drawing terminals in East China is weak, and the overall transaction of the market is weak. Recently, hedging pays more attention to wire drawing in East China’s mainstream warehouse in July and August, with appropriate price and mobile phone conference, but the downstream still just needs to take the goods as the main part, without large warehouse building action; petrochemical agents have a high enthusiasm for shipment in the early morning, and the atmosphere for firm offer is strong, Zhejiang Province Sinopec S1003 made direct deliveries to Jiangsu and Shanghai in 7500-7550, Zhejiang Petrochemical 8003 made direct deliveries to Jiangsu and Shanghai in 7600, and Zhongan M02 made overall transactions in 7450-7480h.

PP injection molding has few sources of goods in different places, and many factories mainly supply and distribute goods, but the overall downstream inquiry is weak, and the market transaction is weak. PP low melting copolymerization has few sources of goods in different warehouses, and it is mainly supplied by many factories. Today, the enthusiasm of copolymerization inquiry is high. The transaction of East China copolymerization is about 7750, and the market transaction is general. LLDPE East China Coal Chemical Industry Co., Ltd. offers about 6420-6550, and the main quotation of East China arbitrage is about 09 discount 30 to 50 premium. The arbitrage resources are concentrated in Zhongan, Baofeng, Zhejiang Petrochemical and Pucheng. Zhongan 7042 offers about 6430, Zhejiang Petrochemical 7042 directly sends about 6450-6500 to East China, and Baofeng Zhongmei directly sends about 6520-6550 to East China. Today, the spot resource quotation of East China coal chemical industry is set In the early trading, the low-point hedge discount of futures is about 20-30, the downstream purchasers just need to purchase, the individual brands and the individual reservoir area are acceptable, the spot resources of Zhong’an are relatively small, the low-end price of Zhejiang Petrochemical 7042 distribution in East China is acceptable, and the spot resources of East China coal chemical industry are generally acceptable as a whole.

LLDPE Shandong coal chemical industry linear agent quotation is about 6500-6550, the main discount of arbitrage selling plate is 20 to Pingshui, Baofeng 7042 direct to North China automobile transportation unit price is 6560, China coal 7042 direct to North China development unit price is 6600, the agent quotation is about 6540-6600, Shandong coal chemical industry linear overall warehouse is in short supply, the price is firm, the morning market is low, arbitrage selling plate advantage is obvious, Ningmei 7042 discount is 20 left Transactions near the spot price 6450 on the right are good, while transactions in other brands of linear market are limited; the guidance of CNPC is 6500-6750. Low pressure trade companies continue to raise prices, and the downstream market is rigid, without hoarding. HP Shenhua 2426h East China 7450-7550, Shandong 7450-7500.

The weak sentiment of liquid chemicals and the weak shock of crude oil have become the factors hindering the breakthrough of polyolefin. After many unsuccessful attempts by polyolefin bulls, it is likely that the market will also fall due to the weak sentiment of energy chemicals as a whole. It is suggested that pp09 should stop more than half of its single earnings and the remaining positions should do well in stop loss defense and stop loss below 6900.