According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8,258 RMB/ton on March 1st and 8,038 RMB/ton on March 26th, a decrease of 2.66% during this period. LDPE (2426H) had an average price of 10,150 RMB/ton on March 1st and 9,700 RMB/ton on March 26th, a decrease of 4.43% during this period. HDPE (2426H) had an average price of 8,387 RMB/ton on March 1st and 8,407 RMB/ton on March 26th, with a 0.24% increase during this period.

Linear and high-voltage products continued to decline in March, while low-voltage products saw a slight increase, but the upward potential was limited. Among them, low-voltage products: After a slight increase in price at the beginning of the month due to equipment maintenance and production conversion news, the quotation has loosened. Affected by the release of some new production capacity, there is still pressure on the supply side, and the market mentality is bearish. Manufacturers and traders are selling at lower prices. In March, agricultural film entered the peak demand season. Although downstream production increased, the follow-up volume of new orders was limited, and overall demand fell short of expectations, resulting in a sluggish peak season. The demand in other industries has not changed much, and the mentality towards raw material demand is cautious. The market's ability to receive goods is not smooth, and there is insufficient support on the demand side.

The recent rise in oil prices has strengthened cost support; The supply side is sufficient, and the newly added production capacity in the first quarter will continue to be released in the second quarter; The recovery of downstream demand is slow, and demand is lower than in previous years. It is expected that PE will mainly operate weakly.

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