According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,428 RMB/ton on May 12th and 7,566 RMB/ton on May 16th, with a rise of 1.86% during this period. LDPE (2426H) had an average price of 9,116 RMB/ton on May 12th and 9,350 RMB/ton on May 16th, with a 2.56% increase during this period. HDPE (2426H) had an average price of 8,112 RMB/ton on May 12th and 8,137 RMB/ton on May 16th, with a 0.31% increase during this period.

Last week (5.12-5.16), the PE market rebounded. The favorable tariff policies between China and the United States have led to an increase in cost side oil prices, which is favorable for the rebound of the PE market. The maintenance of the supply side equipment has eased the supply pressure on site, and the inventory of rising petrochemical enterprises and intermediaries has been reduced. Agricultural film is in the off-season of demand, and the operating rate has declined compared to the previous period, with insufficient support from the demand side. In terms of exports, some enterprises have seen an improvement in their export orders. As the weekend approaches, the rise in PE prices has weakened, and the willingness of end-users to accept high priced goods has decreased, resulting in a slowdown in transactions. The market is mainly digesting the previous gains. The supply and demand of PE face limited market support. Macro environment preference, PE is expected to have a strong trend in the short term.

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