SunSirs: China PE Prices Fluctuate in December

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,755 RMB/ton on December 1st, and the average price was 8,921 RMB/ton on December 31st, with a price increase of 1.90% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,800 RMB/ton on December 1st, and the average price was 10,550 RMB/ton on December 31st, with a price drop of 2.31% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (2426H) was 8,575 RMB/ton on December 1st, and the average price was 8,587 RMB/ton on December 31st, with a price increase of 0.15% during this period.

PE prices fluctuated in December. The trend of linear products continues to be strong, the trend of high-pressure products continues to decline, and the trend of low-pressure products is adjusted narrowly. The supply of linear products is tight, and the supply pressure is high, resulting in a strong upward trend in prices. The supply of high-voltage products has increased, and the price trend is weak. The planned production of the equipment is generally delayed, and the output does not meet expectations. The packaging film industry is in a low season of demand, with the demand for greenhouse film coming to an end and the demand for plastic film slowly increasing. However, the follow-up of orders from film companies is limited, and the market's demand for essential purchases is dominant, which has limited support for the PE market. Oil prices fluctuate, with average cost support.

The production capacity of new facilities is gradually increasing, there are fewer planned maintenance facilities, shutdown facilities are being restarted one after another, and there are expectations of an increase in the supply side; Limited downstream demand support; Both supply and demand are weak, and it is expected that PE may experience a weak trend of oscillation.

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