SunSirs: China PE Prices slightly Increased Last Week (June 12-16)
June 19 2023 14:21:39 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8028 RMB/ton on June 12, and the average price on June 16 was 8,028 RMB/ton. During this period, the quotation remained unchangeAccording to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) was 8,470 RMB/ton on June 12 and 8,500 RMB/ton on June 16, with a rise of 0.35% during the period.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,037 RMB/ton on June 12, and the average price on June 16 was 9,037 RMB/ton. During this period, the quotation remained unchanged.
Polyethylene prices have slightly increased last week. LDPE prices have slightly increased. The prices of other brands remain stable. The fluctuations in international crude oil prices have a certain supportive effect on polyethylene prices. LDPE devices have maintenance plans, petrochemical companies have raised their prices, and traders are highly motivated to follow suit. Agricultural film is in the off-season of demand, and order follow-up is limited. There are many shutdown and maintenance devices, and the demand side performance is not good.
Polyethylene production enterprises have a lot of maintenance and planned parking maintenance, and the market supply pressure is not high. However, the demand for polyethylene in the market is weak, and it is expected that polyethylene may be mainly subject to fluctuations and adjustments.
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