According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,841 RMB/ton on December 20th, and the average price was 8,881 RMB/ton on December 26th, with a price increase of 0.45% during this period. LDPE (2426H) decreased by 0.47% during this period. HDPE (2426H) increased by 0.29% during this period.

Recently, PE has shown mixed ups and downs. Linear products remain strong, while low-voltage products fluctuate slightly and rise slightly, while high-voltage products decline. The supply of high-voltage products has increased, but the price trend is weak; The supply of linear products is tight, and the supply pressure is high, resulting in a strong upward trend in prices. The planned production of facilities in 2024 has been delayed in Inner Mongolia Baofeng, Zhongying Petrochemical, and Yulong Petrochemical facilities. The downstream industry of PE has entered the off-season, with limited demand support. The narrow range consolidation of crude oil prices, overall, indicates weak oil and commodity prices, which is bearish for the PE market.

On December 26th, the Dalian Commodity Exchange PE L2501 contract opened at 8,437 RMB and closed at 8,463 RMB, up 19 RMB, with a high of 8,466 RMB and a low of 8,422 RMB, up 0.23%.

The production capacity of new facilities is gradually increasing, there are fewer planned maintenance facilities, the previously shut down facilities are gradually being restarted, and coupled with the gradual arrival of imported goods at the port, there are expectations of an increase in the supply side; Downstream demand continues to weaken, with rigid procurement being the main focus; The cost side crude oil support is limited, and it is expected that PE will mainly fluctuate weakly in the short term, but the linear product trend is relatively strong.

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