According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8011 RMB/ton on April 1st and 7,568 RMB/ton on April 27th, a decrease of 5.53% during this period. LDPE (2426H) had an average price of 9,616 RMB/ton on April 1st and 9,100 RMB/ton on April 27th, a decrease of 5.37% during this period. HDPE (2426H) had an average price of 8,387 RMB/ton on April 1st and 8,107 RMB/ton on April 27th, a decrease of 3.34% during this period.

The price of PE continued to decline in April, and the market was mainly weak. The tariff war has led to a decrease in cost side oil prices, which has a certain negative impact on the PE market. The pressure on the supply side is still high, and the supply volume remains at a high level; Agricultural film is in a low season of demand, with insufficient follow-up from downstream demand, and cautious procurement by end consumers; The production of packaging film and daily necessities is relatively stable, but the number of newly added orders is limited and the demand support is insufficient; The mentality of the on-site market is bearish, with production enterprises and traders mainly offering discounts for shipments, resulting in weak quotations. The domestic PE plant is about to enter a period of concentrated maintenance in the second quarter, and the expected increase in maintenance losses in the later stage; Due to the impact of US tariff policies, overseas orders are expected to decrease, and supply pressure may decrease; The demand side support is limited, and it is expected that PE will mainly operate weakly, but the downward space is limited.

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