According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8,295 RMB/ton on February 6th and 8,258 RMB/ton on February 13th, with a price drop of 0.44% during this period. LDPE (2426H) had an average price of 9,900 RMB/ton on February 6th and 10,100 RMB/ton on February 13th, with a price increase of 2.02% during this period. HDPE (2426H) had an average price of 8,382 RMB/ton on February 6th and 8,375 RMB/ton on February 13th, with a price drop of 0.09% during this period.

After the year, the trend of the PE market has fluctuated, with linear products running weakly, high-pressure products trending strongly, and low-pressure products fluctuating and adjusting, with little change. The pressure on the supply side is still high, with an increase in spot goods on site. Manufacturers and traders are mainly reducing prices for shipments, but some units have switched to production and stopped production, leading to a tentative increase in the price of high-pressure products. Among them, the LDPE/EVA unit in Baofeng, Ningxia will be shut down for maintenance from February 10th and then switched to EVA production; Wanhua Chemical's high-pressure unit is expected to shut down in mid February; The Xinjiang Tianli High tech Co production Plant will continue to produce EVA. After the holiday, downstream production resumed slowly, order follow-up was limited, and demand side support was limited. US commercial crude oil inventories continue to rise, international oil prices have fallen, and cost support has weakened.

In February, there were relatively few maintenance visits to the PE plant, mainly short-term minor repairs. The overall supply is expected to remain high, and there are plans for commissioning and production of the new plant, ensuring sufficient supply; Starting from mid to late February, with the gradual increase in downstream factory operating rates, demand will gradually be released, and the supply growth rate may exceed the demand growth rate. In the short term, it is expected that PE will mainly operate weakly due to fluctuations.

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