SunSirs: China PE Prices Rose Last Week (September 4-8)
September 12 2023 11:03:46 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,450 RMB/ton on September 4th, and the average price on September 8th was 8,485 RMB/ton. During this period, the quotation increased by 0.42%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) on September 4th was 9,600 RMB/ton, and the average price on September 8th was 9,670 RMB/ton. During this period, the quotation increased by 0.73%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,212 RMB/ton on September 4th, and the average price on September 8th was 9,312 RMB/ton. During this period, the quotation increased by 1.09%.
Last week, the overall price of polyethylene increased mainly. The strong cost side oil price has a certain boosting effect on the price of polyethylene. Last week, there were many temporary shutdowns of the equipment, resulting in a decrease in capacity utilization and a slight decrease in supply; The peak season for greenhouse film demand is approaching, and demand is expected to increase; The operating rates of downstream products such as agricultural film and packaging film have shown an increasing trend.
This week, there will be start-up of enterprise installations, and the expectation of polyethylene supply end will gradually increase; The peak season for greenhouse film demand is approaching, and the expected increase in demand has boosted market sentiment. It is expected that polyethylene may fluctuate slightly, but the upward space is limited.
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