SunSirs: Off Season, China PE Market Continues to be Weak
May 27 2025 10:47:29 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the average price of LLDPE (7042) was 7,583 RMB/ton on May 19th and 7,496 RMB/ton on May 26th, a decrease of 1.14% during this period. LDPE (2426H) had an average price of 9,316 RMB/ton on May 19th and 9,216 RMB/ton on May 26th, a decrease of 1.07% during this period. HDPE (2426H) had an average price of 8,142 RMB/ton on May 19th and 8,130 RMB/ton on May 26th, a decrease of 0.15% during this period.
Recently, the PE market has declined. The cost side of crude oil has been fluctuating recently, with loose support on the cost side. The supply side has sufficient spot goods, but the boost is limited. Agricultural film is in a low season of demand, with insufficient follow-up on new orders. Petrochemical companies and traders continue to offer discounts to promote transactions, resulting in low downstream enthusiasm for receiving goods. There is no positive news guidance on site, and the mentality is bearish. In the short term, it is expected that PE will continue to show a weak trend.
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