SunSirs: Demand is Normal, China PE Market Fluctuated Up and Down

According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,268 RMB/ton on November 10, and the average price on November 17 was 8,222 RMB/ton. During this period, the quotation decreased by 0.55%.

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) was 9,175 RMB/ton on November 10th, and 9,212 RMB/ton on November 17th. During this period, the quotation increased by 0.41%.

According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 8,637 RMB/ton on November 10th, and the average price on November 17th was 8,625 RMB/ton. During this period, the quotation decreased by 0.14%.

Last week, the price of polyethylene was mixed, with market volatility and consolidation. The market lacked upward momentum and insufficient upward momentum. The US crude oil inventory has significantly increased, and economic data is weak. On November 16th, international crude oil futures plummeted, with insufficient cost support for polyethylene. The maintenance equipment of petrochemical enterprises has decreased compared to the previous period, and the supply of polyethylene is still sufficient. Downstream demand for agricultural films and pipes has weakened, and market demand has weakened, with rigid demand being the main demand and limited new orders; Traders adjust their offers and shipments accordingly, and the transaction price is mainly negotiated.

On November 17th, the polyethylene l2401 contract on the Dalian Commodity Exchange opened at 8,186 RMB and closed at 8,161 RMB, a decrease of 10 RMB, with a maximum of 8,233 RMB and a minimum of 8,128 RMB, a decrease of 0.12%..

As the weekend approaches, oil prices have plummeted significantly, suppressing the polyethylene market. After November, the peak season for agricultural film has ended, and the demand side has been limited in boosting. In terms of pipe materials, demand has weakened; It is expected that polyethylene may experience weak oscillations.

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