With the restart of maintenance equipment, the expected increase in spot supply. The weak follow-up of new orders downstream during the off-season has intensified the supply-demand contradiction, and the upward trend of PE may be limited.

The maintenance losses of PE plants in July 2024 have increased compared to the previous month, with some plants experiencing temporary shutdowns or load reductions. Therefore, the monthly maintenance losses of plants have increased compared to the previous month. The maintenance loss of PE production equipment in July was about 483,100 tons, an increase of 12.64% compared to the previous month. Among them, the loss of LDPE maintenance is about 70,800 tons, the loss of HDPE maintenance is about 293,300 tons, and the loss of LLDPE maintenance is about 119,100 tons.

During the off-season, there is a lack of follow-up on new downstream orders, which limits the production enthusiasm of enterprises and reduces their intention to purchase raw materials. The current demand situation has become the main factor affecting raw material prices, and the short-term supply-demand contradiction has intensified, so its upward momentum may be limited.

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