According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,355 RMB/ton on September 22 and 7,345 RMB/ton on September 26, a decrease of 0.14%. LDPE (2426H) had an average price of 9,576 RMB/ton on September 22, and an average price of 9,556 RMB/ton on September 26, a decrease of 0.21%. HDPE (2426H) had an average price of 7,975 RMB/ton on September 22, and an average price of 7,912 RMB/ton on September 26, a decrease of 0.78%.

PE has been running weakly this week, with a narrow price reduction. The PE market has sufficient supply. On the demand side, with the National Day and Mid Autumn Festival approaching, there are expectations for downstream stocking, but there is insufficient follow-up on new orders, resulting in lower than expected demand growth and limited support for the PE market. Merchants actively reduce inventory, but downstream customers have limited willingness to receive goods, resulting in a weak downward trend in PE prices. On the cost side, the continuation of the Russia-Ukraine conflict triggered potential supply risks. In addition, the decline of the U.S. commercial crude oil inventory and the rise of international oil prices supported the PE market to some extent on the cost side.

PE supply is sufficient, but the peak demand season is not as expected. Downstream factories have a slow increase in operating load, and procurement is cautious. It is expected that PE will mainly operate in a narrow range of fluctuations.

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