According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,963 RMB/ton on January 3, and the average price was 8,850 RMB/ton on January 9, during which the quotation fell by 1.26%.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,516 RMB/ton on January 3, and the average price was 10,366 RMB/ton on January 9, with a price drop of 1.43% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (2426H) was 8,587 RMB/ton on January 3, and the average price was 8,525 RMB/ton on January 9, with a price increase of 0.15% during this period.

The overall PE market is weakening, with prices continuously decreasing. Supply side: There are few planned maintenance devices in the near future, and the production of new devices is gradually increasing. In the early stage, the maintenance devices were restarted, and coupled with the expected arrival of imported goods at the port, the pressure on the supply side continues to increase. Downstream: Downstream product companies mainly need to replenish inventory, with insufficient demand follow-up and strong bearish sentiment in the market. Traders are actively reducing prices and shipping, and some factories have begun preparing for holidays. There is no positive news to boost the macro level. PE futures are fluctuating, with weak guidance for the spot market.

Both supply and demand are weak, and the support for crude oil on the cost side may weaken next week. It is expected that PE will mainly experience weak fluctuations.

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