According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,098 RMB/ton on October 17th and 7,095 RMB/ton on October 23rd, a decrease of 0.05%. The average price of LDPE (2426H) on October 17th was 9,400 RMB/ton, and on October 23rd it was 9,350 RMB/ton, a decrease of 0.53%. The average price of HDPE (2426H) on October 17th was 7,762 RMB/ton, and on October 23rd it was 7,700 RMB/ton, a decrease of 0.81%.

Linear products were affected by a slight increase in mid week futures, and traders' quotes were slightly raised, but the trend of high and low pressure products was weak. On October 22nd, international crude oil futures saw a significant increase, rising more than 2%. The cost side supports the PE market. There are still expectations of an increase in the supply side, and domestic production capacity continues to be deployed. In terms of maintenance, the domestic PE plant suffered a loss of approximately 95,500 tons during this cycle (October 17-23), a decrease of 7,300 tons compared to the same period last week. The operating rate of agricultural film has increased compared to the previous period, but some factories have slowed down their follow-up on orders in the later stage, resulting in lower than expected demand. Production enterprises and traders are actively lowering prices to reduce inventory, resulting in a weak PE market.

There is an expectation of an increase on the supply side; The demand for greenhouse film may improve as it enters the peak season. The increase in supply may exceed the increase in demand, and it is expected that PE will remain weak.

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