According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,257 RMB/ton on April 7th, and the average price on April 12th was 8,292 RMB/ton, with a price increase of 0.43% during the period.
According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 9,287 RMB/ton on April 7th, and the average price on April 12th was 9,312 RMB/ton, with a price increase of 0.27% during the period.
According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8,475 RMB/ton on April 7th, and the average price on April 12th was 8,475 RMB/ton. During this period, the quotation remained stable.
Last week, PE prices mainly saw a slight increase. At the beginning of the week, supported by the bullish rise in crude oil, the cost side supported a slight increase in PE. On the supply side, there are many domestic PE plant shutdowns for maintenance, resulting in reduced pressure on the supply side. Petrochemical companies have slightly increased their prices, while traders have followed suit with a slight increase. In terms of demand, the overall downstream demand is improving, and factories will replenish inventory in an appropriate amount after the holiday, while sales are still acceptable. But there is a certain resistance to the continuously rising high priced supply, and downstream factories have weakened their purchasing intentions.
On April 12th, the PE l2409 contract on the Dalian Commodity Exchange was opened at 8,400 RMB and closed at 8,369 RMB, a decrease of 17 RMB. The highest price was 8,408 RMB and the lowest was 8,341 RMB, a decrease of 0.20%. This week, PE futures showed a strong trend at the beginning of the week, which to some extent benefited the PE spot market. Afterwards, the futures market weakened, weakening support for spot prices.
The maintenance of PE equipment has increased, and the supply side is expected to decrease; The demand for plastic film began to weaken in late April, and the demand for greenhouse film is in the off-season; It is expected that PE prices will mainly operate in a narrow range with limited upward space.
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