According to the Commodity Market Analysis System of SunSirs, the price of PE film in the market has remained stable and has been rising for half a month. As of May 24th, the mainstream quoted price for 50cm PE winding film by domestic manufacturers and traders is around 10,667 RMB/ton, a decrease of 0.63% from the beginning of the month.

In terms of raw materials, the price of raw material PE has increased in the past half month. On May 24th, the domestic price of domestic producer and trader LLDPE (7042) was 9,882 RMB/ton, an increase of 3.1% compared to the initial quotation of the month. The price of raw material PE has risen rapidly in the past half month, at a high level, with strong cost support, The price of PE film is under significant pressure.

In terms of supply: membrane enterprises have sufficient inventory and supply side pressure is still in place.

In terms of demand: With the May Day holiday coming, the film industry is entering the off-season, with enterprises mainly restocking and terminal inquiries requiring procurement. Order transactions are limited, the trading atmosphere is weak, and downstream demand support is weak.

The post holiday film industry has entered the off-season, with limited inventory released from market demand and excessive consumption of pre holiday accumulated inventory. Although there is significant support on the cost side, downstream demand is generally weak, and it is expected that PE film prices may experience weak fluctuations in the near future.

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