According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 6,990 RMB/ton on November 21, and the average price was 6,968 RMB/ton on November 27, a decrease of 0.31%. The average price of LDPE (2426H) on November 21st was 9033 RMB/ton, and on November 27th it was 9,000 RMB/ton, a decrease of 0.37%. The average price of HDPE (2426H) on November 21st was 7,457 RMB/ton, and on November 27th it was 7,387 RMB/ton, a decrease of 0.94%.

Recently, PE has continued to operate weakly. In terms of maintenance, during this cycle (November 21-27), the PE unit suffered a loss of approximately 83,300 tons, a decrease of 14,100 tons compared to the same period last week. The maintenance of domestic facilities has decreased, and with the commissioning of new facilities, the supply of PE remains at a high level. On the demand side, the performance is flat, and enterprises tend to purchase according to their needs. The enthusiasm for receiving goods is not high, and they adopt a wait-and-see and cautious attitude. Lack of positive news guidance, weak quotation, and continued weak supply and demand pattern, it is expected that PE will remain weak and difficult to change.

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