According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,500 RMB/ton on May 6th and 7,428 RMB/ton on May 12th, a decrease of 0.96% during this period. LDPE (2426H) had an average price of 9,216 RMB/ton on May 6th and 9,116 RMB/ton on May 12th, a decrease of 1.08% during this period. HDPE (2426H) had an average price of 8,112 RMB/ton on May 6th and 8,112 RMB/ton on May 12th, during which the quotation remained stable.

The PE market in May was mainly weak, with strong quotes for low-pressure products. After the May Day holiday, upstream enterprises and intermediaries accumulated inventory and faced significant inventory pressure, prompting businesses to actively reduce prices and ship goods; The demand for greenhouse film is low during the off-season, and the order volume is not good. Some enterprises mainly focus on phased production; The peak season for plastic film demand has ended, and except for a few areas with a small number of orders, large-scale areas have been in a state of shutdown for maintenance; The number of new orders in the packaging film market has decreased, and the intention to purchase for terminal essential needs has weakened; The demand side support is insufficient, and there are positive expectations from the macro perspective. On May 9th, international crude oil futures rose, but the cost side support was average. It is expected that PE will operate weakly in a narrow range, with limited downward space.

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