According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8196 RMB/ton on March 13th and 8,130 RMB/ton on March 19th, a decrease of 0.81% during this period. LDPE (2426H) had an average price of 10,000 RMB/ton on March 13th and 9,800 RMB/ton on March 19th, a decrease of 2.00% during this period. HDPE (2426H) had an average price of 8,437 RMB/ton on March 13th and 8,420 RMB/ton on March 19th, a decrease of 0.41% during this period.

Affected by the progress of the Russia Ukraine peace talks and the easing of the situation in the Middle East, international crude oil is showing a volatile pattern, and the PE market trend is weak due to the drag of crude oil costs. There is sufficient supply of products on site, but the market mentality is bearish. Manufacturers and traders tend to lower prices for sales. In March, agricultural film entered the peak season. Although downstream production increased and the order volume was relatively low, the overall demand was lower than expected, and the peak season was not strong, with limited support.

The supply side has sufficient inventory at a high level, and there is significant pressure to reduce inventory; The downstream procurement mentality is cautious, and the replenishment efforts are insufficient. It is expected that PE will mainly operate weakly due to fluctuations.

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