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 7,466 RMB/ton on July 31st, a decrease of 0.27%. LDPE (2426H) had an average price of 9,550 RMB/ton on July 1st and 9,516 RMB/ton on July 31st, a decrease of 0.35%. HDPE (2426H) had an average price of 8,112 RMB/ton on July 1st and 7,975 RMB/ton on July 31st, a decrease of 1.69%.

PE first fell and then rose in July, among which HDPE lacked upward momentum. On the demand side, agricultural film is in a low season of demand, with insufficient follow-up of new orders in the market and low operating rates. Downstream procurement is cautious, and the weak demand side continues to suppress the weak downward trend of PE market. Domestic policy preferences and supply side reform 2.0 provide support for the PE market, improving the mentality of industry players. PE has seen a significant increase in the second half of the month, with prices tentatively rising slightly. The crude oil market is volatile, with oil prices rising towards the end of the month and cost support still present. On the supply side, there is an expectation of an increase, and the maintenance equipment has been restarted. The supply side is sufficient.

Supported by domestic policies, the mentality in the market has improved somewhat; However, the improvement in supply and demand is limited, and it is expected that PE will mainly fluctuate in a narrow range, with limited upward space.

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