According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,368 RMB/ton on June 2 and 7,346 RMB/ton on June 6, a decrease of 0.29% during this period. LDPE (2426H) had an average price of 9,166 RMB/ton on June 2nd and 9,216 RMB/ton on June 6th, with a rise of 0.55% during this period. HDPE (2426H) had an average price of 8,095 RMB/ton on June 2nd and 8,062 RMB/ton on June 6th, with a decrease of 0.40% during this period.

Recently, the PE market has been fluctuating. The trend of high-voltage products is relatively strong, with a slight increase in quotations, mainly due to the impact of the equipment entering a major overhaul in June, and the market supply may decrease. The international oil price trend is relatively strong, which to some extent supports the PE market. However, the demand for agricultural film is in the off-season, and the overall operating rate remains low. The market demand is weak, and downstream product enterprises mainly purchase for essential needs. The willingness to replenish inventory is poor, and the flow of goods is not smooth, resulting in weak quotes from traders.

The market has equipment for parking and maintenance, coupled with the addition of new production capacity, the supply pressure is still ongoing; The demand is in the traditional off-season, and it is expected that the trend of PE will not improve, mainly due to weak operation.

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