SunSirs: China Domestic PE Price is in Weak Consolidation

According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,414 RMB/ton on December 19, and the average price was 8400 RMB/ton on December 27, with a decline of 0.17% during the period, 0.15% lower than that on December 1.

According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426H) was 9,100 RMB/ton on December 19 and 9,100 RMB/ton on December 27. The quotation was stable during this period, down 2.5% compared with December 1.

According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) was 8,466 RMB/ton on December 19 and 8,466 RMB/ton on December 27. The quotation was stable during this period, up 0.79% compared with December 1.

The polyethylene quotation from December 19 to 27 was generally firm. LLDPE quotation declined slightly; Stable quotation of LDPE and HDPE; The quotation adjustment of petrochemical enterprises is limited. The manufacturer's quotation is mainly firm, and the quotation of some models is subject to downward adjustment. The operating rate of agricultural film decreased, the demand for greenhouse film was slow to follow up, and some manufacturers continued to operate according to the order; In terms of packaging film and pipes, the demand is in the off-season, and orders are decreasing. The new capacity was gradually put into operation, and the supply pressure of polyethylene market increased in the later period. In addition, at the end of the month, the enterprises are willing to go to the warehouse at the end of the month, and mainly make more profits for shipment.

From December 19 to 27, Liansu futures market fell in shock. On December 27, the opening price of polyethylene futures 2301 was 8,026, the highest price was 8,182, the lowest price was 8,182, the closing price was 8,167, the previous settlement price was 7,986, the settlement price was 8,071, the increase was 181, the trading volume was 312,771, the position was 339,140, and the daily increase was 679. (Quotation unit: RMB/ton)

The price of crude oil rebounded from a low level, giving the market some confidence support; Influenced by domestic public events in the week, businesses are mainly in demand, trading and investment are cautious, and the wait-and-see mood is strong. It is expected that the polyethylene spot market will be mainly weak and stable.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.