According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,368.57 RMB/ ton on October 7, and the average price was 8,528.57 RMB/ ton on October 17, with an increase of 1.91% during the period, 6.87% higher than that on September 1.

According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426H) was 9,980 RMB/ ton on October 7 and 10,050.00 RMB/ ton on October 17, with an increase of 0.70% during the period, up 5.60% compared with August 1.

According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) was 8,416.67 RMB/ ton on October 7 and 8,533.33 RMB/ ton on October 17, with an increase of 1.39% during the period, 0.39% higher than that on August 1.

From October 7 to 17, the domestic PE spot market rose as a whole, and the three major spot varieties showed a trend of rising first and then falling, with the increase greater than the decrease. During the holidays, international crude oil rose one after another, bringing obvious benefits to the market on the cost side. After the festival, the PE market was driven higher by this. In addition, the downstream storage and replenishment demand after the festival, petrochemical enterprises had a strong mentality, and the ex factory price was higher. However, as the international crude oil stopped rising and fell after the festival, the market was in a bad mood. With the price rising, the downstream acceptance was limited, and they were somewhat resistant to the high price. The enthusiasm for entering the market became weaker, and the market transaction atmosphere became weaker than in the early stage. The price of PE fell back, and the majority of shipments were made at the margin.

From October 7 to 17, the plastics futures market rose first and then fell. The decline was greater than the increase, which brought some bad news to the spot. On October 17, the opening price of PE futures 2301 was 7,896, the highest price was 7,926, the lowest price was 7,791, the closing price was 7,809, the previous settlement price was 7,898, the settlement price was 7,855, down 89, the trading volume was 421,259, the position was 421,870, and the daily position increased 3,908. (Quotation unit: RMB/ ton)

In terms of current raw materials, the international crude oil price is weak and the cost side brings bad news. On the demand side, with the end of replenishment after the festival, the downstream has limited ability to accept high prices, and the enthusiasm for entering the market has weakened. On the supply side, the current market supply is mainly increased, and the market lacks of advantages. It is expected that China PE spot market will mainly decline in the short term.

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