This week, many petrochemical plants in Iran led to the shutdown of polyethylene plants for technical reasons and further affected the production and sales of low-pressure products, which will also be greatly affected in the short term for supply and export. Of the major suppliers, and these products include low pressure membrane and low pressure hollow.
At present, Iran has not expressed its position on the timely arrival of its domestic cargo ship. pvc plastic net Continued follow-up, once the news is true, is expected to PE market will be more affected by this, in part from the petrochemical sources there is the risk of extension, the tight supply of low-pressure market prices will continue to maintain strong trend.
PE market price today was high shock consolidation pattern, and the dollar settlement transactions are relatively deserted, low pressure membrane and hollow cargo will continue to divert to the RMB market settlement sales from the price point of view, the market price of low-pressure film mainstream range roughly in the 1300- 1340 US dollars / ton, a small hollow price of about 1260 US dollars / ton, high pressure mainstream price range in 1230-1250 US dollars / ton, linear at 1140-1170 US dollars / ton.
Because some Iranian petrochemical enterprises due to technical problems of low-voltage devices stop, so the market outlook is expected to be tight supply to China .Low market and low-pressure membrane or hollow goods or driven prices will gradually rise. High pressure and linear cargo supply and demand changes smaller, the price or will Continuation of finishing, tomorrow Plastic raw materials PE price will be at 1140-1170 US dollars / ton.