According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,100 RMB/ton on December 1st, and the average price on December 29th was 8,230 RMB/ton, with a 1.6% increase in quotation during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 9,137 RMB/ton on December 1st, and the average price on December 29th was 9,082 RMB/ton, with a price drop of 0.60 during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8,550 RMB/ton on December 1st, and the average price on December 29th was 8,500 RMB/ton, with a 0.58% decrease in quotation during this period.

In December, the PE market experienced ups and downs, with LLDPE showing a slightly sustained strong trend, while LDPE and HDPE showed a slight decline. The tense geopolitical situation, expected interest rate cuts by the Federal Reserve, and rising international oil prices have to some extent supported the PE market on the cost side. There are not many maintenance devices in the enterprise, and short maintenance is the main focus, with sufficient supply of PE. The operating rate of downstream products is showing a downward trend, with a decrease in agricultural film operating rate and a slight increase in packaging film operating rate, mainly driven by holiday demand. Overall, downstream demand is weak, and procurement is relatively cautious. Traders adjust their offers and have a strong willingness to sell at a discounted price.

On December 29th, the opening price of the PE l2405 contract on the Dalian Commodity Exchange was 8,280 RMB/ton, and the closing price was 8,280 RMB/ton, a decrease of 23 RMB/ton. The highest price was 8,299 RMB/ton, and the lowest was 8,255 RMB/ton, a decrease of 0.28%. The trend of futures in December was relatively strong, driving up the spot price of PE.

Linear products are driven by the strength of futures, with spot prices slowly and slightly rising, and the market trends of high-pressure and low-pressure products are weak; The demand for greenhouse film has decreased, and the demand for plastic film is slowly following up. The Spring Festival plastic film is gradually starting, and overall, the market demand in January is weak; Adequate supply side; It is expected that PE will mainly fluctuate weakly, with limited upward space.

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