SunSirs: China PE Market may Rise during the Peak Demand Season
September 18 2023 11:24:32 SunSirs (Selena)
According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,485 RMB/ton on September 8th, and the average price on September 15th was 8,507 RMB/ton. During this period, the quotation increased by 0.25%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) was 9,670 RMB/ton on September 8th, and 9,625 RMB/ton on September 15th. During this period, the quotation decreased by 0.41%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,312 RMB/ton on September 8th, and the average price on September 15th was 9,287 RMB/ton. During this period, the quotation decreased by 0.27%.
Last week, the price of polyethylene was mixed. The high price of crude oil on the cost side has a strong supporting effect on the price of polyethylene. The parking and maintenance devices of enterprises have been gradually restarted, and the supply of polyethylene has slightly increased; The demand for greenhouse film is expected to increase during the peak season; The operating rates of downstream products such as greenhouse film, plastic film, packaging film, and pipes have all increased, with orders increasing and demand improving. The market has a strong resistance to high prices, and traders have loosened their quotations.
In terms of futures, plastic 2401 rose 0.8% on September 15th, which has a certain boosting effect on the spot market.
The cost of crude oil and coal is supported, and polyethylene is boosted. The parking and maintenance devices of enterprises have been gradually restarted, and the supply of polyethylene has increased. The demand has boosted, with downstream stock expectations. In terms of packaging film, demand is expected to increase due to the boost from the Mid Autumn Festival and the E-commerce Festival. Polyethylene supply and demand are increasing, and it is expected that polyethylene may experience a strong trend with limited upward space.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-25 SunSirs: Positive Factors Leads to an Increase in China PE Prices
- 2024-04-22 SunSirs: Positive Support, China PE Market is Rising
- 2024-04-15 SunSirs: Good Demand, China PE Market slightly Increases
- 2024-04-02 SunSirs: China PE Market Fluctuated in a Narrow Range in March
- 2024-03-25 SunSirs: China PE Prices slightly Increased Last Week
