According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,836 RMB/ton on January 10th, and the average price was 8,666 RMB/ton on January 16th, with a price drop of 1.92% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,333 RMB/ton on January 10th, and the average price was 10,150 RMB/ton on January 16th, with a price drop of 1.77% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (2426H) was 8,525 RMB/ton on January 10th, and the average price was 8,462 RMB/ton on January 16th, with an average price of 8,587 RMB/ton. During this period, the quotation fell by 0.73%.

The PE market continues to decline, with a weak trend and mainly a downward trend. In terms of equipment maintenance, during the period from January 10th to 16th, the loss of PE equipment maintenance was about 63,200 tons, a decrease of 700 tons compared to last week. New facilities are gradually being put into operation, including products from Inner Mongolia Baofeng, Yulong Petrochemical and other new facilities being put into the market; The early maintenance equipment has been restarted one after another, including the high-pressure/EVA of Hongjing New Materials, the old full density of Lanzhou Petrochemical, the new high-pressure of Maoming Shihua, the high-pressure 1PE second-line equipment of Shanghai Petrochemical, and the new low-pressure equipment of Dushanzi Petrochemical, with the supply side pressure continuously increasing. Downstream: As the Spring Festival holiday approaches, demand weakens, factories are preparing to gradually take a break, procurement efforts are slowing down, resource digestion is slow, and production enterprises and traders are actively lowering prices and shipping, mainly reducing inventory. At present, there are many favorable factors supporting the crude oil market, and there is some cost support.

Supply side suppression; The demand for greenhouse film is off-season, and there is insufficient order follow-up; The pipe industry is in a low season of demand, with limited market trading; The contradiction between supply and demand is intensifying, and it is expected that PE will have a weak trend before the holiday.

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