According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 8011 RMB/ton on March 31, and the average price was 8008 RMB/ton on April 3, a decrease of 0.04% during the period. The average price of LDPE (2426H) was 9633 RMB/ton on March 31, and the average price was 9633 RMB/ton on April 3, and the quotation was temporarily stable during the period. The average price of HDPE (2426H) was 8387 RMB/ton on March 31, and the average price was 8337 RMB/ton on April 3, a decrease of 0.60% during the period.
Recently, polyethylene has adjusted in a narrow range. Market supply pressure is still there, and there is an expectation of increase. Downstream demand is lower than expected, demand is limited, and confidence in the market is insufficient. Most of the quotations are mainly small concessions for shipment, and the terminal is resistant to high-priced sources. Recently, international oil prices are strong, and there is some support on the cost side, but there are not enough positive factors. It is expected that polyethylene will continue to be weak.
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