According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7,088 RMB/ton on November 1st and 6,980 RMB/ton on November 25th, a decrease of 1.53%. LDPE (2426H) had an average price of 9,316 RMB/ton on November 1st and 9,016 RMB/ton on November 25th, a decrease of 3.22%. HDPE (2426H) had an average price of 7,650 RMB/ton on November 1st and 7,437 RMB/ton on November 25th, a decrease of 2.78%.

The supply and demand fundamentals of PE remained unchanged in November, and the weakness continued, with a relatively large decline in high-pressure products. In terms of supply, there has been an increase in the restart of maintenance equipment in the early stage, and the release of new production capacity has not reduced the pressure on supply. On the demand side: The e-commerce festival has boosted the packaging film industry, but after the pre holiday stocking ends, the operating rate has fallen slightly; The peak season for the agricultural film industry has ended, and downstream customers are cautious in receiving goods, with a strong wait-and-see attitude. The main focus is on essential purchases, but the support is insufficient. The market lacks favorable conditions and has a bearish mentality. Petrochemical companies and traders continue to lower prices for shipments. In the short term, weak fluctuations in international oil prices have limited impact on the PE market.

Supply pressure still exists, market transactions are cautious, downstream factories are replenishing inventory at low prices, and demand has entered the off-season. It is expected that PE will mainly operate weakly.

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