According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,011 RMB/ton on November 4th and 6,966 RMB/ton on November 10th, a decrease of 0.64%. LDPE (2426H) had an average price of 9,316 RMB/ton on November 4th and 9,200 RMB/ton on November 10th, a decrease of 1.25%. HDPE (2426H) had an average price of 7,620 RMB/ton on November 4th and 7,550 RMB/ton on November 10th, a decrease of 0.92%.

Recently, polyethylene has continued to operate weakly, with a relatively large decline in high-pressure products. The supply side has increased, and there have been many reboots of equipment recently, releasing new production capacity one after another. The downstream willingness to receive goods is limited, and multidimensional procurement is mainly focused on essential needs, resulting in a bearish market mentality. Plastic futures are weak, suppressing the spot market. The market lacks favorable conditions, and petrochemical companies and traders continue to lower prices for shipments.

New production capacity has been released, and previous maintenance equipment has been restarted one after another. The number of new maintenance equipment has decreased, and the supply side is sufficient; The expected start of production for greenhouse film enterprises in late November has declined, and the packaging film has not increased significantly, resulting in limited overall demand; The supply and demand fundamentals are weak, and it is expected that polyethylene will mainly operate weakly, but the downward space is limited.

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