According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8,258 RMB/ton on February 14th and 8,261 RMB/ton on February 20th, with a price increase of 0.04% during this period. LDPE (2426H) had an average price of 10,083 RMB/ton on February 14th and 10,183 RMB/ton on February 20th, with a price increase of 0.99% during this period. HDPE (2426H) had an average price of 8,375 RMB/ton on February 14th and 8,412 RMB/ton on February 20th, with a price increase of 0.45% during this period.

Recently, PE has shown a strong trend of oscillation, but the upward potential is limited. On the cost side, the market is concerned that local supply may continue to tighten in the short term, and coupled with the difficulty of significantly increasing US crude oil production, international oil prices have continued to rise, providing some support for the PE market on the cost side. The pressure on the supply side is still present, with stable deployment of new production capacity in the early stages, and plastic companies resuming work and production after the holiday, leading to increased market expectations; During this period (February 14-20), the domestic PE plant suffered a maintenance loss of approximately 67,200 tons, an increase of 12,300 tons compared to the same period last week. In late February to March, spring plastic film enters the traditional peak season, with orders constantly accumulating, but the demand for greenhouse film enters the off-season. The upcoming National People's Congress and Chinese People's Political Consultative Conference are expected to boost demand in the commodity market, and the PE market is poised for a small spring.

The pressure on the supply side is still there, and the demand for plastic film may be supported. The macro level is relatively warm, and it is expected that the upward space for PE will be limited.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.