SunSirs: Lack of Favorable Conditions, China PE Continues to be Weak

According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,676 RMB/ton on April 17 and 7,566 RMB/ton on April 25, a decrease of 1.43% during this period. LDPE (2426H) had an average price of 9,200 RMB/ton on April 17th and 9,100 RMB/ton on April 25th, a decrease of 1.09% during this period. HDPE (2426H) had an average price of 8,170 RMB/ton on April 17th and 8,107 RMB/ton on April 25th, a decrease of 0.76% during this period.

Recently, the price of polyethylene has continued to decline weakly, and the market trend is weak. The cost support is unstable, and business operators lack confidence in the future market. The pressure on the supply side is still ongoing, and there are plans to increase production capacity in the second quarter; Downstream demand follow-up is insufficient, overall performance is average, support is limited, merchants mainly offer discounts for shipments, and quotations are weak. The supply pressure is still there, and the peak season for agricultural film has passed. It is expected that polyethylene will continue to operate weakly.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.