SunSirs: China Domestic PE Price Rose slightly (December 12-16)
December 19 2022 13:57:15 SunSirs (Selena)
According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,400 RMB/ton on December 12, and the average price was 8,414.29 RMB/ton on December 16, with an increase of 0.17% during the period, 0.02% higher than that on December 1.
According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426H) was 9,033 RMB/ton on December 12 and 9,066 RMB/ton on December 16, with an increase of 0.37% during the period, down 2.86% from December 1.
According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) was 8,400 RMB/ton on December 12 and 8,466.67 RMB/ton on December 16, with an increase of 0.79% during the period, 0.79% higher than that on December 1.
PE prices all rose slightly last week. Supply side: Some enterprises shut down their equipment last week, and the supply decreased. Petrochemical enterprises raised their prices slightly, and traders shipped according to the market. The shutdown of Shanghai Petrochemical LDPE is 50,000 tons, and the shutdown of Sino Korean Petrochemical HDPE is 300,000 tons. Demand: With the relaxation of domestic epidemic prevention and control policies, logistics gradually recovered, and the operating rate of downstream enterprises rose slightly.
Affected by domestic public events, the market was pessimistic in the future. Downstream replenishment was on demand. It is expected that China PE spot market has limited upward momentum.
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