According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,005 RMB/ton on November 17th, and the average price was 6,990 RMB/ton on November 21st, a decrease of 0.21%. LDPE (2426H) had an average price of 9,100 RMB/ton on November 17th and 9,033 RMB/ton on November 21st, a decrease of 0.73%. The average price of HDPE (2426H) on November 17th was 7,532 RMB/ton, and on November 21st it was 7,457 RMB/ton, a decrease of 1.00%.

This week, PE continues to show a weak trend, and the market lacks positive support. The maintenance of the equipment has decreased compared to the early stage, and new equipment has been put into operation. In addition, with the increase of imported goods in the long term, the supply pressure has increased. In terms of greenhouse film, demand has slowed down compared to the previous period; In terms of plastic film, demand is in the off-season; Downstream procurement of packaging film is flat, with a focus on essential needs; Insufficient follow-up of new orders by wire drawing enterprises, resulting in weak production; The overall downstream delivery of PE is cautious, with weak demand. The wide fluctuations in crude oil prices have limited impact on the PE market.

The market lacks positive support, and the sentiment in the market is bearish. It is expected that PE will mainly operate weakly.

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