SunSirs: China PE Market has Risen and Fallen in September, 2024

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,300 RMB/ton on September 1st, and the average price was 8,241 RMB/ton on September 30th, with a price drop of 0.70% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,383 RMB/ton on September 1st, and the average price was 10,500 RMB/ton on September 30th, with a price increase of 1.12% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8,175 RMB/ton on September 1st, and the average price was 8,125 RMB/ton on September 30th, with a price drop of 0.61% during this period.

The PE market in September fluctuated, with high-pressure products showing strong performance and linear and low-pressure products showing poor performance. The supply is loose, and inventory is higher than the same period last year. On the demand side, September is the peak season for demand, with an increase in operating rates, but overall demand is lower than in previous years. The release of macro positive policies has boosted market sentiment and boosted the PE market. The demand for agricultural film and pipes in October is in the peak season, with positive expectations, and it is expected that PE will experience weak fluctuations.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.