According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,486 RMB/ton on July 1st and 7,415 RMB/ton on July 10th, a decrease of 0.96%. LDPE (2426H) had an average price of 9,550 RMB/ton on July 1st and 9,516 RMB/ton on July 10th, a decrease of 0.35%. HDPE (2426H) had an average price of 8,112 RMB/ton on July 1st and 8,070 RMB/ton on July 10th, a decrease of 0.52%.

Since July, the polyethylene market has mainly fluctuated and operated weakly. The market is not driven by effective positive news, and the market trend is not good. There are still expectations of an increase in the supply side, with the restart of maintenance equipment in the early stage and the gradual production of equipment. According to data statistics, it is expected that a production capacity of 3.1 million tons per year will be put into operation in the third and fourth quarters, and the pressure on the supply side is still ongoing. In July, the demand for agricultural film was in the off-season, and most enterprises were in a state of shutdown. The operating rate remained low, which dragged down the polyethylene market on the demand side. Positive macro policy news has boosted the polyethylene market.

Supply side pressure remains; The demand side is in the traditional off-season, and downstream factories are operating at a low level; With the support of domestic policies, it is expected that polyethylene will mainly operate in a narrow and weak range.

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