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SunSirs: PE Spot Market Continued to be Weak at the End of April
May 06 2021 11:16:06SunSirs(Selena)

Near the end of April, the overall trend of the three major PE spot varieties is still weak. Among them, the ex-factory price of LDPE in East China is still declining, with a one-day decline of 0.45% on April 30. The general trend of LLDPE and HDPE in East China is stable, but the market quotation has declined.

According to the data monitoring of SunSirs, the average ex-factory price of LLDPE (7042) in East China was 8,400.00 RMB/ ton on April 25 and 8,400.00 RMB/ ton on April 30. The price of LLDPE (7042) was stable in the week, down 3.45% from April 1. The average ex-factory price of LDPE (2426H) in East China was 11,125.00 RMB/ ton on April 25 and 11,075.00 RMB/ ton on April 30, with a decrease of 0.45% during the period, 8.75% lower than that on April 1. The average ex-factory price of HDPE (5000S) in East China was 9,016.67 RMB/ ton on April 25 and 9,016.67 RMB/ ton on April 30. The price was stable in the week, down 3.05% from March 1.

At the end of April, the three major PE spot markets continued to be weak, of which LDPE market was the most obvious. The ex-factory prices of petrochemical enterprises fell, while the ex-factory prices of LLDPE and HDPE were mostly stable. With the arrival of the May Day holiday, upstream enterprises are actively de stocking. However, as the downstream agricultural film is in the off-season of demand, the terminal is cautious in taking goods, and most of them are replenished on demand. The overall market transaction atmosphere is weak, and the overall trend of spot is stable and falling.

In terms of demand, the downstream agricultural film is still in the off-season, the market operating rate continues to fall, the pipe and packaging film are expected to grow slightly, and the downstream may enter the market for replenishment after the festival. Overall, the price of China PE spot market is expected to rise slightly after the May Day holidays, but the range may be limited.

 

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