According to the Commodity Market Analysis System of SunSirs, the price of PE film in the market slightly increased last week. As of May 26th, the mainstream quoted price for 50cm PE winding film by domestic manufacturers and traders is around 10,667 RMB/ton, which is unchanged from last week's average price and an increase of 0.63% from the beginning of the month.

In terms of raw materials: Last week, the price of PE raw materials remained stable. On May 24th, the domestic price of LLDPE (7042), a domestic manufacturer and trader, was 9,882 RMB/ton, an increase of 3.1% from the initial quotation of the month. The price of raw material PE has been running steadily this week, with prices at a high level, putting pressure on the cost side prices.

In terms of supply: membrane enterprises have sufficient inventory, supply side supply is sufficient, and enterprises have pressure to destock

In terms of demand: Downstream enterprises mainly rely on basic needs, with cautious inquiries and limited order transactions, resulting in weak demand.

Downstream terminal market demand releases limited inventory, weak demand, strong cost support, and increased price pressure. It is expected that the price of PE film may slightly follow the cost increase in the near future.

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