SunSirs: China PE Prices slightly Increased Last Week (July 17-21)
July 26 2023 10:53:23 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,157 RMB/ton on July 14, and the average price on July 21 was 8,171 RMB/ton. During this period, the quotation increased by 0.18%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) on July 14th was 8,850 RMB/ton, and the average price on July 21st was 8,895 RMB/ton, with an increase of 0.51% during the period.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,250 RMB/ton on July 14th, and the average price on July 21st was 9,312 RMB/ton. During this period, the quotation increased by 0.68%.
Last week, the price of PE slightly increased. In terms of supply, the loss of domestic PE device maintenance during the week has increased compared to the previous period. Temporary parking, maintenance, and decoration of domestic PE have increased, with concentrated device maintenance and a decrease in local supply, supporting the rise in PE prices. In terms of demand, July is in the off-season of demand, and downstream purchases are mainly on demand.
In the later stage, domestic PE maintenance and decoration will gradually restart, increasing supply pressure and insufficient support from various aspects. It is expected that PE may be mainly adjusted for vibration.
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