According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,378 RMB/ton on September 15th and 7,395 RMB/ton on September 18th, with a rate of 0.23% last week. LDPE (2426H) had an average price of 9,593 RMB/ton on September 15th and 9,600 RMB/ton on September 18th, an increase of 0.07%. HDPE (2426H) had an average price of 7,957 RMB/ton on September 15th and 7,957 RMB/ton on September 18th, with a stable quotation.

PE prices have been weak this week, with a narrow upward adjustment. The market supply side is relatively sufficient. On the demand side, the agricultural film industry is in the traditional peak season of demand, with greenhouse film production maintaining a high level. The orders for northern plastic film have increased, and factory production is gradually increasing; The construction of other industries is relatively stable, with cautious procurement and a focus on essential purchases. The demand side has limited support for PE. On the cost side, on September 18th, international crude oil futures closed down due to weakened demand after the end of the traditional fuel consumption peak season in the United States, and the continued increase in OPEC+ production, which weakened the cost side and suppressed the PE spot market.

PE supply is sufficient, and there are positive expectations on the demand side; It is expected that PE will mainly operate in a narrow range, and the upward space may be limited.

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