Shenwan Hongyuan Futures: Oil prices fluctuate, focus on demand support for polyolefin market

K-LinePoet · 2026-04-07T04:52:48+00:00

Linear LL, Sinopec stable, PetroChina stable. Drawn PP, Sinopec stable, PetroChina stable. From a fundamental perspective, increased Middle Eastern geopolitical tensions have caused oil prices to fluctuate. Continue to monitor the latest developments between the US and Iran today, as well as changes in the basis. Currently, macro factors are causing repeated impacts on the chemical sector during trading. Going forward, focus on the actual start-up conditions of facilities and the level of existing inventories. The polyethylene market itself has reached this point; pay attention to the demand's support level below. (Shenwan Hongyuan Futures)

K-LinePoet

2026-04-07 04:52:48

Linear LLD; Sinopec is steady, Sinooil is steady. Draw-specified PP; Sinopec is steady, Sinooil is steady. From a fundamentals perspective, the Middle East standoff has increased, and oil prices are shifting into a volatile range. Today, continue to watch the latest developments between the U.S. and Iran. In addition, also watch changes in the basis. At present, macro factors have an up-and-down impact on chemicals during the trading session. Going forward, pay attention to the actual operating rates of the plants and the level of existing inventories. That covers the polypropylene and polyethylene market up to this point—watch the strength of support from demand on the downside. (Securities Galaxy Futures)

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