According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,200 RMB/ton on August 1, and the average price on August 28 was 8,428 RMB/ton, with a price increase of 2.79% during the period.

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) on August 1st was 8,937 RMB/ton, and the average price on August 28th was 9,550 RMB/ton. During this period, the quotation increased by 6.85%.

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,275 RMB/ton on August 1st, and the average price on August 28th was 9,212 RMB/ton. During this period, the quotation decreased by 0.67%.

The price of polyethylene mainly increased in August, mainly starting from the second half of the month, with LDPE prices experiencing a significant increase. The maintenance of high cost crude oil has a certain supporting effect on the price of polyethylene. The supply of some polyethylene grades is tight, and the prices quoted by production enterprises and traders have increased. The seasonal recovery of orders from agricultural film enterprises has continued, and downstream bargain-hunting and restocking behavior has increased compared to the previous period. The expected improvement in market demand has boosted market sentiment. In terms of HDPE, prices in August were mainly fluctuating and falling, with an increase towards the end of the month. The peak maintenance season for domestic polyethylene plants is coming to an end, and the plants are gradually restarting. In August, Ningxia Baofeng put 400,000 tons of HDPE into production, and there are many HDPE devices planned to start up. However, due to the high prices in some parts, downstream resistance to high prices is strong, and market transactions are limited, resulting in a decrease in HDPE prices.

The polyethylene futures market in August was mainly fluctuating and rising, which had a certain boosting effect on the spot market.

The polyethylene maintenance equipment has been restarted one after another, and the operation of the equipment has increased, with an expected increase in supply side; The peak season of demand for greenhouse film and plastic film is approaching, with an expected increase in demand, boosting market sentiment. It is expected that polyethylene may fluctuate strongly, but the upward space is limited.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.