According to the monitoring of the commodity market analysis system of the SunSirs, On May 20th, the domestic price of LLDPE (7042) was 8,542 RMB/ton, and on May 24th, the average price was 8,568 RMB/ton. During this period, the quoted price increased by 0.30%.

According to the monitoring of the commodity market analysis system of the SunSirs, On May 20th, the domestic price of LDPE (2426H) was 9,800 RMB/ton, and on May 24th, the average price was 9,875 RMB/ton. During this period, the quoted price increased by 0.77%.

According to the monitoring of the commodity market analysis system of the SunSirs, On May 20th, the domestic price of HDPE (5000S) was 8,645 RMB/ton, and on May 24th, the average price was 8,770 RMB/ton. During this period, the quoted price increased by 1.45 RMB.

The PE quotation has slightly increased this week. Macroscopically, it is favorable for the domestic PE market. In terms of supply, there are still many PE maintenance devices on site, and the pressure on the supply side is not high, which has boosted the PE market. On the demand side, it is in the off-season of demand, with downstream rigid demand mainly being purchased, limited order volume, and insufficient support for PE. The operating rate of downstream enterprises is showing a downward trend; Oil prices are weakening, and cost support is weak.

Recently, PE futures have fluctuated and adjusted their operations. On May 24th, the PE l2409 contract on the Dalian Commodity Exchange opened at 8,540 RMB and closed at 8,557 RMB, up 17 RMB, with a maximum of 8,592 RMB and a minimum of 8,527 RMB, up 0.20%.

It is expected that the amount of equipment maintenance losses will decrease next week. Agricultural film is in the off-season, with average market demand and insufficient support for the PE market on the demand side; It is expected that the upward space for PE is limited, and it may mainly consolidate at high levels.

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