SunSirs: Demand Was General, PE Was Adjusted Narrowly
March 15 2023 14:44:04 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,354 RMB/ton on March 6, and the average price on March 10 was 8,351 RMB/ton, with a decline of 0.03% during the period, and up 0.14% from March 1.
According to the data monitoring of SunSirs, the average ex-factory price of LDPE (2426H) was 9,120 RMB/ton on March 6, and the average price on March 10 was 9,120 RMB/ton. During the period, the price was stable, and 0.55% higher than that on March 1.
According to the data monitoring of SunSirs, the average ex-factory price of HDPE (5000S) was 8,566 RMB/ton on March 6 and 8,600 RMB/ton on March 10, with an increase of 0.39% during the period, and up 0.78% from March 1.
Analysis review
PE rose and fell this week. LLDPE rose first and then fell, while LDPE and HDPE prices were mainly stable after rising. At the cost side, the international crude oil price fell under the pressure of interest rate increase, which had a certain impact on domestic PE. At the supply side, there were many temporary maintenance devices in the week, the supply pressure was not large, and the enterprise had a strong attitude of price supporting. Downstream demand, plastic mulch film continued to boom, demand for plastic greenhouse film weakened, downstream procurement demand was less than expected, and order increase was limited.
Market outlook
PE is under pressure to put new units into production, and there are few new orders in the market. The demand for pipes is expected to gradually recover with the real estate. PE analysts of SunSirs predict that PE may be adjusted in a narrow range in the short term.
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