According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,428 RMB/ton on September 1st and 7,391 RMB/ton on September 5th, a decrease of 0.49%. LDPE (2426H) had an average price of 9,683 RMB/ton on September 1st and 9,633 RMB/ton on September 5th, a decrease of 0.52%. HDPE (2426H) had an average price of 7,982 RMB/ton on September 1st and 7,962 RMB/ton on September 5th, a decrease of 0.25%.

Last week, the price of PE decreased. During the period from August 29th to September 4th, the maintenance loss of PE plants was about 113,100 tons, a decrease of 19,400 tons compared to the same period last week. Among them, Jilin Petrochemical's low-pressure, Sinochem Quanzhou low-pressure, Tianjin Petrochemical's linear, and Shanghai Petrochemical's high-pressure 1PE plants have been restarted, and production enterprises have started to increase, with production mainly increasing, coupled with an increase in imported goods and spot goods. On the demand side, downstream demand has improved slightly, but the increase in new orders is slow, and factories are restocking at low prices with insufficient support. On the cost side, the recent decline in international oil prices has weakened the support for the PE market on the cost side. The market speculation sentiment has cooled down, and the PE futures market has weakened, suppressing the spot market.

This week, Daqing Petrochemical, Shanghai Petrochemical and other facilities are planned to restart, and there is currently sufficient spot supply in the market; In addition, with the continuous production of new devices, the pressure on medium and long-term supply has increased; September is the traditional peak season for PE, with positive expectations on the demand side, but currently downstream new orders are slow; It is expected that the narrow adjustment of PE will be the main focus.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.