Sinopec Inventories: The polyolefin stocks of the two oils were 760,000 tons, a decrease of 35,000 tons from yesterday.

Analysis of PE futures: On March 29, the opening price of L2405 was 8247, the highest price was 8248, the lowest price was 8203, the position was 245687 lots, the settlement price was 8226, yesterday's settlement: 8207, the increase: 19, and the daily trading volume was 224504 lots.

Mainstream quotation in PE market: yuan/ton

PE spot market analysis: Today, China's PE market is running steadily, with some low prices testing and reporting high prices. In terms of price: China's linear mainstream prices range from 8,170 to 8,500 yuan/ton, high-pressure prices range from 9,080 to 9,500 yuan/ton, low-pressure film materials range from 8,100 to 8,500 yuan/ton, and low-pressure wire drawing range from 8,070 to 8,700 yuan/ton. The two oil companies quickly went to the warehouse at the end of the month. Today, most of the two oil companies were stable, and the prices of some new moons increased. Crude oil rose sharply, the plastic market maintained a small range of operations, and prices did not break previous lows, easing market concerns to a certain extent. Traders wait and see the shipping position, and some low prices are tentatively pushing up slightly, and discussions are held on a real basis. The downstream just needed to enter the market, and the transaction performance was average.

PE spot trend forecast: In terms of raw materials: The current focus of the crude oil market will still be on the geographical situation. The ceasefire negotiations in Gaza are at a stalemate, and the Palestinian-Israeli conflict has not yet been effectively resolved, but the ceasefire negotiations are still continuing. Geophysical factors are still the most important source of positive support for the crude oil market. The trend of the geopolitical situation determines the short-term pricing of the crude oil market. The escalation or cooling of the geopolitical situation will determine the rise and fall trend of the market. In terms of coal, most coal mines in the region maintain normal production, and some coal mines have completed the month's production tasks were suspended for maintenance, and the overall coal supply level has shrunk slightly. Central heating has been gradually ended in various northern regions, actual demand has performed poorly, and coal price increases still lack strong support. It is expected that market coal prices will be deadlocked and weak in the later period. Supply: Lianyungang Petrochemical, Jiutai, Zhongke Refining and Chemical, Hainan Refining and Chemical, and Zhejiang Petrochemical successively parked their vehicles until April and May. In April, Zhongyuan Petrochemical, Pucheng, and China-Korea Petrochemical continued to add additional parking for maintenance, and it was not ruled out that due to cost reasons, operating parking may be possible, and market supply is expected to be significantly reduced. In terms of demand, the overall downstream demand is relatively stable. The insufficient increase in orders and the narrowing of the operating space for raw material prices make terminals lack the willingness to stock up, and it is difficult to give a greater driving effect on the market. Under the combined influence, the PE market is expected to remain volatile.

China's PE Index: According to Tu Duoduo's data, China's LLDPE spot index on March 29 was 8248, up 3, or 0.04%; the LDPE film spot index was 9238, stable; and the HDPE spot index was 8386, stable.