According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,210 RMB/ton on April 1st, and the average price on April 23rd was 8,378 RMB/ton, with a price increase of 2.05% during the period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 9,250 RMB/ton on April 1st, and the average price on April 23rd was 9,470 RMB/ton, with a 2.38% increase in quotation during this 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 1st, and the average price on April 23rd was 8,507 RMB/ton, with a 0.38% increase in quotation during this period.

In April, the polyethylene market trend was relatively strong, with LLDPE (7042) and LDPE (2426H) prices continuously increasing, while HDPE (5000S) prices showed slight firmness with a slight increase. The main factors include the arrival of spring maintenance, centralized maintenance of petrochemical plants, expected decrease in polyethylene supply, increased on-site inquiries, and boosting market sentiment; Downstream demand is in a relatively peak season in April; High volatility of crude oil on the cost side; The trend of polyethylene futures market is relatively strong, with a combination of positive factors, and the polyethylene market continues to rise.

Cost side: Due to the tense situation in the Middle East and the influence of the tight geopolitical situation, crude oil prices rose significantly in early April and fluctuated at high levels around mid April. The cost side supported polyethylene significantly.

On the supply side, starting from April, the spring inspection is approaching, and the polyethylene plant of petrochemical enterprises is undergoing centralized shutdown and maintenance. It is expected that the maintenance loss in April will be 420,000 tons, an increase of 32.83% compared to the previous month. The supply side is shrinking, and inventory is expected to decrease. The market mentality is good, and the prices of production enterprises and traders are constantly rising, and the spot center of gravity is constantly shifting upwards. According to data statistics, as of April 17th, the capacity utilization rate of polyethylene enterprises was 77.07%, which is at the lowest level in nearly five years. Some parking companies include Zhejiang Petrochemical, Lianyungang Petrochemical, ZhongRMB Petrochemical, Fushun Petrochemical, etc.

On the demand side: After the Qingming Festival holiday, downstream factories will replenish their inventory in an appropriate amount, resulting in better market sales and a favorable rise in the polyethylene market. In April, polyethylene was in a relatively peak season, while agricultural film was at the end of the peak season, resulting in a cooling of the high consumption during the month. Consumer expectations for packaging film remain strong. In addition, the May Day holiday has boosted downstream stocking levels, supporting the polyethylene market. As polyethylene prices continue to rise, towards the end of the month, buyers are slightly resistant to high priced goods, and downstream factories are turning to cautious procurement. Overall, the demand side's support for polyethylene is still acceptable.

Futures: Since April, polyethylene futures have been mainly characterized by strong fluctuations, driving up spot prices of polyethylene.

On the cost side, there is a high possibility of high oil price fluctuations. Supply side: In the second quarter, polyethylene spring inspection is approaching, and the supply side is expected to decrease. On the demand side: Agricultural film weakens its support for polyethylene. There are positive expectations for packaging film demand, with downstream factories starting production and the weather gradually turning hot. There are expectations for improvement in demand for frozen food packaging and fresh-keeping packaging films. In addition, the May Day holiday has led to an increase in downstream terminal restocking demand; In addition, there is a high probability of polyethylene price increase in the technical aspect, and the equipment is undergoing centralized maintenance. In the short term, it is expected that polyethylene will experience a strong oscillation trend.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.