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LLDPE:开工继续下滑,负反馈下原料价格回调;PP:C3原料波动较大,基差弱稳
Guo Tai Jun An Qi Huo· 2026-03-27 01:52
Report Industry Investment Rating - Not provided in the given content Core Viewpoints - For LLDPE, the start - up rate continues to decline, and raw material prices are adjusted under negative feedback. For PP, C3 raw materials fluctuate greatly, and the basis is weakly stable. Geopolitical factors affect raw material prices, and cost - transmission and supply - demand relationships need attention [1][2] Summary by Relevant Catalogs Fundamental Tracking - **Futures Data**: For L2605, the closing price is 8767 with a daily increase of 0.60%, trading volume of 1026968, and a change in open interest of 2213. For PP2605, the closing price is 9120 with a daily increase of 1.62%, trading volume of 1360322, and a change in open interest of 4112. The 05 - contract basis for L2605 is - 317, and for PP2605 is - 220. The 05 - 09 contract spread for L2605 is 135, and for PP2605 is 311 [1] - **Spot Price**: In North China, the LLDPE spot price is 8450 yuan/ton, and PP is 8900 yuan/ton. In East China, LLDPE is 8550 yuan/ton, and PP is 8900 yuan/ton. In South China, LLDPE is 8750 yuan/ton, and PP is 9050 yuan/ton [1] - **Start - up Rate**: The weekly start - up rate of PE is 76% (- 4%), and it is expected to drop below 75%. The weekly start - up rate of PP has slightly declined to 70% (- 0.5%), and it may drop to 65% [1] Spot News - The start - up rate of PE and PP has declined. The basis is stable, and trading is weaker than the previous day [1] Market Condition Analysis - **LLDPE**: Geopolitical factors lead to a strong performance of raw materials like naphtha, increasing PE costs. After the festival, the demand for mulch film is in line with the season, and the start - up rate of packaging film has rebounded. The supply side has new production and more maintenance plans, with a decline in standard product production and inventory reduction [2] - **PP**: C3 is affected by supply disturbances from Saudi Arabia and Iran, with strong cost support. There is no new production before the 2605 contract, and the game between supply and demand of existing products intensifies. Downstream demand has improved, but PDH profit is at a low level, and attention should be paid to the marginal changes of cracking and PDH devices [2][3] Trend Intensity - The trend intensity of LLDPE is 1, and that of PP is 1 [4]
聚烯烃(LL&PP):20260326申万期货品种策略日报-20260326
Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - On Wednesday, polyolefins mainly declined. Sinopec and PetroChina lowered the prices of linear LL and drawn PP. Fundamentally, the market situation changed, and oil prices weakened. The macro - impact on the chemical industry in the market is fluctuating. In the future, attention should be paid to the actual operation of production facilities and the support of demand at lower levels [2] Group 3: Summary According to Related Catalogs Futures Market - **Price and Change**: For linear LL, the previous day's closing prices for January, May, and September contracts were 8273, 8715, and 8568 respectively, with price drops of - 170, - 203, and - 168 and percentage drops of - 2.01%, - 2.28%, and - 1.92% respectively. For PP, the previous day's closing prices for January, May, and September contracts were 8206, 8975, and 8592 respectively, with price drops of - 188, - 139, and - 188 and percentage drops of - 2.24%, - 1.53%, and - 2.14% respectively [2] - **Trading Volume and Open Interest**: The trading volumes of linear LL for January, May, and September contracts were 13742, 1057929, and 325709 respectively, and the open interests were 11517, 319820, and 160509 respectively, with open - interest increases of 1749, 4893, and 3554 respectively. For PP, the trading volumes for January, May, and September contracts were 6404, 1186296, and 345779 respectively, and the open interests were 19023, 339198, and 182089 respectively, with open - interest changes of 434, - 360, and 12164 respectively [2] - **Price Spreads**: For linear LL, the current price spreads of January - May, May - September, and September - January were - 442, 147, and 295 respectively, compared with previous values of - 475, 182, and 293. For PP, the current price spreads of January - May, May - September, and September - January were - 769, 383, and 386 respectively, compared with previous values of - 720, 334, and 386 [2] Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder materials, and mulch film were 3092 yuan/ton, 8985 yuan/ton, 980 dollars/ton, 5600 yuan/ton, 8740 yuan/ton, and 9600 yuan/ton respectively, compared with previous values of 3136 yuan/ton, 9030 yuan/ton, 1080 dollars/ton, 5600 yuan/ton, 9160 yuan/ton, and 9600 yuan/ton [2] - **Mid - stream**: The current price ranges of linear LL in the East China, North China, and South China markets were 8350 - 9400 yuan/ton, 8300 - 9200 yuan/ton, and 8650 - 9550 yuan/ton respectively, compared with previous ranges of 8100 - 8250 yuan/ton, 8950 - 9800 yuan/ton, and 8800 - 9800 yuan/ton. The current price ranges of PP in the East China, North China, and South China markets were 8650 - 8800 yuan/ton, 8600 - 8800 yuan/ton, and 8700 - 9200 yuan/ton respectively, compared with previous ranges of 9150 - 9750 yuan/ton, 9000 - 9300 yuan/ton, and 9200 - 9600 yuan/ton [2] News - On Wednesday (March 25), the settlement price of West Texas Intermediate crude oil futures for May 2026 on the New York Mercantile Exchange was $90.32 per barrel, down $2.03 or 2.20% from the previous trading day, with a trading range of $86.46 - $91.73. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $102.22 per barrel, down $2.27 or 2.17% from the previous trading day, with a trading range of $97.15 - $103.37 [2]
20260325申万期货品种策略日报-聚烯烃(LL&PP)-20260325
Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - On Tuesday, polyolefins opened significantly lower and closed with a negative candlestick. For linear LL, Sinopec kept prices stable while PetroChina raised some prices by 200. For drawn PP, both Sinopec and PetroChina kept prices stable. Fundamentally, the "taco" situation reappeared and oil prices plummeted. Currently, the macro - environment has a repeated impact on the chemical industry during trading. The future focus should be on the actual operation of plants and the support of demand at lower levels [2]. Group 3: Summary by Related Catalogs Futures Market - **LL Futures**: The previous day's closing prices for January, May, and September contracts were 8443, 8918, and 8736 respectively. Compared with two days ago, the price drops were - 275, - 605, and - 576, with percentage drops of - 3.15%, - 6.35%, and - 6.19%. The trading volumes were 10692, 1133666, and 368709, and the open interests were 9768, 314927, and 156955, with changes of 1460, - 58310, and - 10289. The spreads between January - May, May - September, and September - January were - 475, 182, and 293, compared with previous values of - 805, 211, and 594 [2]. - **PP Futures**: The previous day's closing prices for January, May, and September contracts were 8394, 9114, and 8780 respectively. Compared with two days ago, the price drops were - 193, - 679, and - 514, with percentage drops of - 2.25%, - 6.93%, and - 5.53%. The trading volumes were 11775, 1328839, and 372394, and the open interests were 18589, 339558, and 169925, with changes of 2245, - 59592, and - 21892. The spreads between January - May, May - September, and September - January were - 720, 334, and 386, compared with previous values of - 1206, 499, and 707 [2]. Spot Market - **Raw Materials and Semi - finished Products**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 3136 yuan/ton, 9030 yuan/ton, 1080 dollars/ton, 5600 yuan/ton, 9160 yuan/ton, and 9600 yuan/ton respectively. The previous values were 3349 yuan/ton, 9075 yuan/ton, 1159 dollars/ton, 5600 yuan/ton, 9160 yuan/ton, and 9600 yuan/ton [2]. - **Mid - stream**: For LL, the current price ranges in the East China, North China, and South China markets were 8950 - 9800 yuan/ton, 8800 - 9800 yuan/ton, and 9150 - 9750 yuan/ton respectively. The previous price ranges were 8100 - 8250 yuan/ton, 8950 - 9700 yuan/ton, and 8800 - 9700 yuan/ton. For PP, the current price ranges in the East China, North China, and South China markets were 9000 - 9300 yuan/ton, 8900 - 9300 yuan/ton, and 9200 - 9600 yuan/ton respectively. The previous price ranges were 9150 - 9700 yuan/ton, 9150 - 9350 yuan/ton, and 9350 - 9600 yuan/ton [2]. News - On Tuesday (March 24), the settlement price of West Texas Intermediate crude oil futures for May 2026 on the New York Mercantile Exchange was $92.35 per barrel, up $4.22 from the previous trading day, a 4.79% increase, with a trading range of $86.34 - $93.36. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $104.49 per barrel, up $4.55 from the previous trading day, a 4.55% increase, with a trading range of $98.15 - $105.00 [2].
聚烯烃(LL&PP):20260313申万期货品种策略日报-20260313
Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - On Thursday, polyolefins continued to rise and then fall. Sinopec kept prices stable, while PetroChina lowered some prices by 1000. The increase in Middle East tensions led to a slight rebound in international crude oil prices, which had a positive impact on chemicals. Market sentiment was high, and macro factors had a significant impact on the chemical industry, with sentiment fluctuating. Future attention should be paid to the actual operation of production facilities, and a rational attitude should be taken towards the polyolefin market [2] Group 3: Summary of Futures Market Price and Volume - For linear low - density polyethylene (LL), the previous day's closing prices for January, May, and September contracts were 7719, 8236, and 7934 respectively, with price increases of 19, 82, and 128, and percentage increases of 0.25%, 1.01%, and 1.64% respectively. The trading volumes were 2351, 1238840, and 311182, and the open interests were 2085, 327108, and 134486, with changes of 280, 4435, and 16770 respectively [2] - For polypropylene (PP), the previous day's closing prices for January, May, and September contracts were 7448, 8303, and 7751 respectively, with price increases of 78, 106, and 105, and percentage increases of 1.06%, 1.29%, and 1.37% respectively. The trading volumes were 6457, 1381318, and 292114, and the open interests were 10706, 410773, and 164282, with changes of - 32, - 10939, and 15067 respectively [2] Spread - For LL, the current spreads of January - May, May - September, and September - January were - 517, 302, and 215 respectively, compared to previous values of - 454, 348, and 106 [2] - For PP, the current spreads of January - May, May - September, and September - January were - 855, 552, and 303 respectively, compared to previous values of - 827, 551, and 276 [2] Group 4: Summary of Spot Market Raw Materials - The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2727 yuan/ton, 8000 yuan/ton, 925 dollars/ton, 5600 yuan/ton, 8310 yuan/ton, and 8100 yuan/ton respectively, compared to previous values of 2662 yuan/ton, 8325 yuan/ton, 880 dollars/ton, 5600 yuan/ton, 8000 yuan/ton, and 8100 yuan/ton [2] Middle - stream Products - For LL, the current price ranges in the East China, North China, and South China markets were 8400 - 9100 yuan/ton, 8250 - 9000 yuan/ton, and 8500 - 9200 yuan/ton respectively, compared to previous ranges of 7900 - 8550 yuan/ton, 7800 - 8600 yuan/ton, and 8000 - 8850 yuan/ton [2] - For PP, the current price ranges in the East China, North China, and South China markets were 8300 - 8600 yuan/ton, 8300 - 8600 yuan/ton, and 8600 - 8800 yuan/ton respectively, compared to previous ranges of 7800 - 8150 yuan/ton, 7800 - 8200 yuan/ton, and 7950 - 8500 yuan/ton [2] Group 5: Market News - On Thursday (March 12), the settlement price of West Texas Intermediate (WTI) crude oil futures for April 2026 on the New York Mercantile Exchange was $95.73 per barrel, up $8.48 or 9.72% from the previous trading day, with a trading range of $88.61 - $97.19. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $100.46 per barrel, up $8.48 or 9.22% from the previous trading day, with a trading range of $95.20 - $101.80 [2]
20260312申万期货品种策略日报-聚烯烃(LL&PP)-20260312
Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - On Wednesday, the prices of polyolefins rebounded, and most spot prices of PE and PP also rebounded. The situation in the Middle East is volatile, especially the changing stances on the US-Israel-Iran conflict, which has an impact on the cooling of crude oil prices. Currently, the macro - environment has a significant impact on the chemical industry, and market sentiment is volatile. Investors should view the polyolefin market rationally at this stage [2] Group 3: Summary According to Relevant Catalogs Futures Market - **Price Changes**: For LL, the price increases on the previous day were 326 yuan/ton (January contract, 4.42% increase), 387 yuan/ton (May contract, 4.98% increase), and 362 yuan/ton (September contract, 4.86% increase). For PP, the increases were 239 yuan/ton (January contract, 3.35% increase), 377 yuan/ton (May contract, 4.82% increase), and 321 yuan/ton (September contract, 4.38% increase) [2] - **Volume and Open Interest**: The trading volumes of LL were 1,536 (January contract), 1,024,821 (May contract), and 225,165 (September contract). The trading volumes of PP were 5,803 (January contract), 1,181,121 (May contract), and 231,723 (September contract). The open interest changes of LL were - 67 (January contract), +9,286 (May contract), and +6,569 (September contract). The open interest changes of PP were +1,019 (January contract), +57,892 (May contract), and +18,490 (September contract) [2] - **Spread**: The current spreads of LL (January - May, May - September, September - January) were - 454, 348, and 106 respectively, compared with the previous values of - 393, 323, and 70. The current spreads of PP (January - May, May - September, September - January) were - 827, 551, and 276 respectively, compared with the previous values of - 689, 495, and 194 [2] Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2,662 yuan/ton, 8,325 yuan/ton, 880 US dollars/ton, 5,600 yuan/ton, 8,000 yuan/ton, and 8,100 yuan/ton respectively. The previous prices were 2,552 yuan/ton, 8,800 yuan/ton, 875 US dollars/ton, 5,600 yuan/ton, 8,550 yuan/ton, and 8,100 yuan/ton [2] - **Mid - stream**: The current price ranges of LL in the East China, North China, and South China markets were 7,900 - 8,550 yuan/ton, 7,800 - 8,600 yuan/ton, and 8,000 - 8,850 yuan/ton respectively. The previous price ranges were 7,700 - 8,250 yuan/ton, 7,600 - 8,250 yuan/ton, and 8,200 - 8,900 yuan/ton. The current price ranges of PP in the East China, North China, and South China markets were 7,800 - 8,150 yuan/ton, 7,800 - 8,200 yuan/ton, and 7,950 - 8,500 yuan/ton respectively. The previous price ranges were 7,750 - 8,000 yuan/ton, 7,600 - 7,900 yuan/ton, and 8,000 - 9,000 yuan/ton [2] News - On Wednesday (March 11), the settlement price of West Texas Intermediate crude oil futures for April 2026 on the New York Mercantile Exchange was $87.25 per barrel, up $3.80 from the previous trading day, a 4.55% increase, with a trading range of $81.79 - $88.99. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $91.98 per barrel, up $4.18 from the previous trading day, a 4.76% increase, with a trading range of $86.24 - $93.75 [2]
20260311申万期货品种策略日报-聚烯烃(LL&PP)-20260311
Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - On Tuesday, polyolefins opened high and closed low, with prices falling at night. PE and PP spot prices mostly dropped significantly compared to Monday. From a fundamental perspective, the situation in the Middle East is volatile, especially with Trump's changing stance on the US - Israel - Iran conflict, which has a significant cooling effect on crude oil. The overnight decline in international crude oil prices has a notable negative impact on chemicals, causing polyolefins to cool down. Currently, the macro - environment has a large impact on the chemical industry, with sentiment fluctuating. The polyolefin market should be treated rationally [2] Group 3: Summary by Relevant Catalogs Futures Market - **LL Futures**: The previous day's closing prices for January, May, and September contracts were 7374, 7767, and 7444 respectively, down 331, 177, and 312 from two days ago, with percentage drops of 4.30%, 2.23%, and 4.02%. The trading volumes were 2520, 1362346, and 269232, and the open interests were 1872, 313387, and 111147, with changes of 80, - 97004, and 6324 respectively. The spreads of January - May, May - September, and September - January were - 393, 323, and 70, compared to - 239, 188, and 51 previously [2] - **PP Futures**: The previous day's closing prices for January, May, and September contracts were 7131, 7820, and 7325 respectively, down 391, 214, and 360 from two days ago, with percentage drops of 5.20%, 2.66%, and 4.68%. The trading volumes were 8809, 1454118, and 276758, and the open interests were 9719, 363820, and 130725, with changes of - 585, - 116215, and - 8474 respectively. The spreads of January - May, May - September, and September - January were - 689, 495, and 194, compared to - 512, 349, and 163 previously [2] Raw Materials and Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and plastic film are 2252 yuan/ton, 8800 yuan/ton, 875 dollars/ton, 5600 yuan/ton, 8550 yuan/ton, and 8100 yuan/ton respectively, compared to 2831 yuan/ton, 9750 yuan/ton, 980 dollars/ton, 5600 yuan/ton, 9700 yuan/ton, and 8100 yuan/ton previously [2] - **Spot Market**: The current price ranges of LL in East China, North China, and South China markets are 7700 - 8250 yuan/ton, 7600 - 8250 yuan/ton, and 8200 - 8900 yuan/ton respectively, compared to 9500 - 10000 yuan/ton, 9200 - 10000 yuan/ton, and 9700 - 10200 yuan/ton previously. The current price ranges of PP in East China, North China, and South China markets are 7750 - 8000 yuan/ton, 7600 - 7900 yuan/ton, and 8000 - 9000 yuan/ton respectively, compared to 9000 - 9600 yuan/ton, 9050 - 9600 yuan/ton, and 9300 - 10050 yuan/ton previously [2] News - On Tuesday (March 10), the settlement price of West Texas Intermediate crude oil futures for April 2026 on the New York Mercantile Exchange was $83.45 per barrel, down $11.32 or 11.94% from the previous trading day, with a trading range of $76.73 - $91.48. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $87.8 per barrel, down $11.16 or 11.28% from the previous trading day, with a trading range of $81.16 - $95.04 [2]
聚烯烃(LL&PP):20260309申万期货品种策略日报-20260309
Group 1: Report's Industry Investment Rating - No relevant information provided Group 2: Report's Core View - On Friday, polyolefins continued the bullish market. For linear LL, some prices of Sinopec were raised by 300, while those of PetroChina remained stable. For drawn PP, some prices of Sinopec were raised by 300, and some of PetroChina were raised by 150. From a fundamental perspective, the increasing tension in the Middle East led to a significant jump in the international crude oil price, which enhanced the boost to chemicals. The market sentiment was highly enthusiastic, strongly boosting polyolefins. The short - term strength will continue, and investors should approach the market rationally at this stage [2] Group 3: Summary According to the Catalog Futures Market - **Price and Change**: For LL, the previous day's closing prices for January, May, and September contracts were 7354, 7691, and 7456 respectively, with increases of 176, 298, and 215 and growth rates of 2.45%, 4.03%, and 2.97% compared to two days ago. For PP, the previous day's closing prices for January, May, and September contracts were 7171, 7797, and 7390 respectively, with increases of 117, 339, and 209 and growth rates of 1.66%, 4.55%, and 2.91% compared to two days ago [2] - **Volume and Open Interest**: For LL, the trading volumes for January, May, and September contracts were 1260, 1100826, and 139481 respectively, and the open interests were 1915, 409024, and 100816 respectively, with increases of 132, 18481, and 1621. For PP, the trading volumes for January, May, and September contracts were 2181, 1233367, and 146633 respectively, and the open interests were 7162, 493414, and 142714 respectively, with increases of 688, 17221, and 5664 [2] - **Spread**: For LL, the current spreads of January - May, May - September, and September - January were - 337, 235, and 102 respectively, compared to the previous values of - 215, 152, and 63. For PP, the current spreads of January - May, May - September, and September - January were - 626, 407, and 219 respectively, compared to the previous values of - 404, 277, and 127 [2] Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2586 yuan/ton, 7550 yuan/ton, 844 dollars/ton, 5600 yuan/ton, 7650 yuan/ton, and 8100 yuan/ton respectively, compared to the previous values of 2491 yuan/ton, 7370 yuan/ton, 870 dollars/ton, 5600 yuan/ton, 7550 yuan/ton, and 8100 yuan/ton [2] - **Mid - stream**: For LL, the current price ranges in the East China, North China, and South China markets were 7550 - 8200 yuan/ton, 7400 - 7900 yuan/ton, and 7800 - 8200 yuan/ton respectively, compared to the previous ranges of 7350 - 8200 yuan/ton, 7300 - 7800 and 8100 - 8250 yuan/ton, and 7700 - 8100 yuan/ton. For PP, the current price ranges in the East China, North China, and South China markets were 7450 - 7700 yuan/ton, 7450 - 7700 yuan/ton, and 7700 - 7950 yuan/ton respectively, compared to the previous ranges of 7400 - 7550 yuan/ton, 7400 - 7550 yuan/ton, and 7550 - 7700 yuan/ton [2] News - On Friday (March 6), the settlement price of the West Texas Intermediate crude oil futures contract for April 2026 on the New York Mercantile Exchange was $90.90 per barrel, the highest since September 28, 2023, up $9.89 or 12.21% from the previous trading day, with a trading range of $78.24 - $92.61. The settlement price of the Brent crude oil futures contract for May 2026 on the London Intercontinental Exchange was $92.69 per barrel, the highest since September 29, 2023, up $7.28 or 8.52% from the previous trading day, with a trading range of $83.16 - $94.64 [2]
20260303申万期货品种策略日报-聚烯烃(LL&PP)-20260303
Report Industry Investment Rating - Not provided Core View of the Report - The report suggests a bullish approach towards polyolefins, as the increase in geopolitical tensions in the Middle East over the weekend led to a rise in international crude oil prices, which in turn boosted the chemical products. The report also mentions that the downstream demand should be monitored for the terminal procurement rhythm after the resumption of work [2]. Summary by Relevant Catalogs Futures Market - **LL Futures**: The previous day's closing prices for January, May, and September contracts were 7081, 6991, and 7071 respectively, with price increases of 397, 394, and 399, and percentage increases of 5.94%, 5.97%, and 5.98% respectively. The trading volumes were 1244, 963478, and 119036, and the open interests were 1958, 505479, and 90112, with changes of 126, -60599, and -3223 respectively [2]. - **PP Futures**: The previous day's closing prices for January, May, and September contracts were 6948, 6998, and 7020 respectively, with price increases of 355, 387, and 393, and percentage increases of 5.38%, 5.85%, and 5.93% respectively. The trading volumes were 1431, 888436, and 122800, and the open interests were 3942, 498613, and 133948, with changes of 546, 8140, and 7418 respectively [2]. - **Spread**: For LL, the spreads of January - May, May - September, and September - January were 90, -80, and -10 respectively. For PP, the spreads were -50, -22, and 72 respectively [2]. Spot Market - **Raw Materials**: The current prices of methanol futures, Shandong propylene, South China propane, PP recycled materials, North China powder, and mulch film were 2366 yuan/ton, 6620 yuan/ton, 740 dollars/ton, 5600 yuan/ton, 6680 yuan/ton, and 8100 yuan/ton respectively [2]. - **Mid - stream**: The current price ranges of LL in East China, North China, and South China markets were 6700 - 7100 yuan/ton, 6600 - 7050 yuan/ton, and 7000 - 7250 yuan/ton respectively. The current price ranges of PP in East China, North China, and South China markets were 6650 - 6750 yuan/ton, 6650 - 6750 yuan/ton, and 6900 - 7100 yuan/ton respectively [2]. News - The retaliatory actions of a Middle Eastern country led to the closure of some oil and gas facilities in the Middle East and the shipping in the crucial Strait of Hormuz. The international oil prices soared at the beginning of the session but then retreated from the intraday high. On March 2, 2026, the settlement price of West Texas Intermediate crude oil futures for April 2026 on the New York Mercantile Exchange was $71.23 per barrel, up $4.21 or 6.28% from the previous trading day, with a trading range of $69.2 - $75.33. The settlement price of Brent crude oil futures for May 2026 on the London Intercontinental Exchange was $77.74 per barrel, up $4.87 or 6.68% from the previous trading day, with a trading range of $75.75 - $82.37 [2].
多措并举保障春耕农资供应
Xin Lang Cai Jing· 2026-02-25 17:54
Core Viewpoint - The agricultural sector in Six师五家渠市 is actively preparing for the spring farming season by ensuring sufficient supply of essential agricultural materials, focusing on seeds, fertilizers, and irrigation equipment to support a successful harvest [1] Group 1: Agricultural Supply Preparation - Six师五家渠市 has a spring farming demand of 3.31 million acres and has already stocked 50,000 tons of seeds, 180,000 tons of fertilizers, 2.2 billion meters of drip irrigation tape, and 15,000 tons of plastic film, achieving a total supply reserve progress of 65% [1] - The city aims to complete the full reserve task by the end of March, providing strong support for the spring farming preparations [1] Group 2: Efficiency Improvement Measures - A special task force for agricultural supply has been established to monitor inventory, demand, and transportation of key materials weekly, ensuring efficient supply chain management [1] - The city has integrated logistics resources by utilizing 13 farming teams and 450 direct sales stores, implementing a "one-stop" delivery model that combines online and offline services to reduce procurement and transportation costs for farmers [1]
全力生产备战春耕春播
Xin Lang Cai Jing· 2026-02-13 03:52
Company Overview - Shihezi Shosheng Plastic Chemical Co., Ltd. is a manufacturer specializing in plastic film, drip irrigation belts, and PE hoses [1] - The company has 25 production lines operating at full capacity to ensure sufficient agricultural supplies for the spring farming season [1] Production Output - The company has produced 15,000 pieces of drip irrigation belts, 160 tons of plastic film, and 150 tons of PE hoses [1]