According to the data monitoring of SunSirs, the average ex factory price of LLDPE (7042) in East China was 8830.00 RMB/ton on March 1 and 9280.00 RMB/ton on March 31. The increase rate in March was 5.10%, up 4.15% compared with March 1.

According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426h) in East China was 11616.67 RMB/ton on March 1 and 11750.00 RMB/ton on March 31. The increase rate in March was 1.15%, down 2.99% from February 1.

According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) in East China was 9183.33 RMB/ton on March 1 and 9850.00 RMB/ton on March 31. The increase rate in March was 7.26%, an increase of 9.85% compared with March 1.

In March, the domestic polyethylene spot market showed a trend of shock and rise as a whole, and the three varieties rose to varying degrees. Among them, LLDPE and HDPE markets in East China have increased significantly, and LDPE market has limited upward space due to the obvious rise in the early stage. At the beginning of this month, driven by the strong rise of international crude oil, the polyethylene spot market followed the rise, the ex factory prices of petrochemical enterprises rose one after another, the mentality of merchants was good, and the prices followed the rise. In the later stage, the international crude oil was weak and the cost support was significantly weakened. In addition, the orders of downstream factories were weaker than those in previous years, the continuous rise of polyethylene market was insufficient, and the price ushered in a certain correction. In the second half of the month, the polyethylene market mainly fluctuated in a narrow range in the early stage. Affected by the epidemic situation in many regions in China, the logistics and transportation were blocked, and the downstream demand was restrained to a certain extent. However, the price support mentality of petrochemical enterprises has obviously brought some support to the market, and the market fluctuates in a narrow range. Until the end of the month, the international crude oil price returned to the upward trend, which brought some support to the cost side. In addition, the market is about to usher in centralized maintenance, and the supply side is expected to reduce. At the beginning of the month, the new price was significantly higher.

Dalian futures market rose in March, bringing some support to the spot market. On March 31, the opening price of polyethylene futures 2205 was 9291, the highest price was 9293, the lowest price was 9120, the closing price was 9169, the former settlement price was 9256, the settlement price was 9191, down 87, or 0.94%, the trading volume was 436603, the position was 243721, and the daily increase was - 24393. (quotation unit: RMB/ton)

At present, the peak maintenance season in the market is coming, and some enterprises plan to reduce the load. In April, the market supply has decreased significantly. In terms of demand, although the demand for agricultural film gradually decreased in April, there are growth expectations for wire drawing and tube materials, which still brings some benefits to the market. In addition, international crude oil returned to the rising trend, which brought some support in terms of cost. PE spot market price is expected to rise in April.

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