SunSirs: China PE Prices Rose Last Week (June 2-9)
June 12 2023 10:56:13 SunSirs (Selena)
According to the monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,014 RMB/ton on June 2, and the average price on June 9 was 8,028 RMB/ton, with an increase of 0.18% during the period.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) was 8,120 RMB/ton on June 2, and 8,407 RMB/ton on June 9, with an increase of 3.54% during the period.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 8,937 RMB/ton on June 2 and 9,037 RMB/ton on June 9, with a rise of 1.12% during the period.
Polyethylene prices have risen this week. The increase in LDPE was significant. At the beginning of the week, the crude oil price was relatively strong, which had a certain supporting effect on the price and was beneficial for the increase in polyethylene prices. LDPE devices have maintenance plans, local market supply has decreased, petrochemical companies have raised their prices, and trade has increased accordingly. Agricultural film is in the off-season of demand, with an increase in shutdown and maintenance devices. The overall level of operation is low, downstream stocking is not active, and order follow-up is not good.
The demand for polyethylene in the market is weak, and it is expected that there will be significant upward pressure on PE in China, which may fluctuate and operate weakly.
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