According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,300 RMB/ton on April 15, and the average price on April 19 was 8,371 RMB/ton, with a price increase of 0.86% during the period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 9,382 RMB/ton on April 15, and the average price on April 19 was 9,395 RMB/ton, with a price increase of 0.13% during the period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8,475 RMB/ton on April 15th, and the average price on April 19th was 8,507 RMB/ton, with a 0.38% increase in quotation during this period.

Last week, the PE market showed a strong trend. On the cost side, the high volatility of international crude oil is favorable for the PE market. On the supply side, with the arrival of spring inspections and more petrochemical shutdowns for maintenance, the pressure on the supply side has decreased, and the price of PE has slightly increased. In terms of demand, greenhouse film is in the off-season of demand, and some enterprises are parking for maintenance, resulting in poor demand. The plastic film is in the final stage of the peak season, and the accumulation of market orders is decreasing.

On April 19th, the PE l2409 contract on the Dalian Commodity Exchange opened at 8,424 RMB and closed at 8,464 RMB, up 40 RMB, with a maximum of 8,581 RMB and a minimum of 8,391 RMB, up 0.47%. Last week, PE futures fluctuated strongly, supporting the spot market.

The supply side is expected to decrease; Insufficient support from the demand side of agricultural film; Affected by a decrease in supply side demand, coupled with positive expectations for packaging film demand. It is expected that the price of PE will mainly operate in a narrow range, with limited upward space.

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