SunSirs: China PE Inventory Increased by 2.65% Month on Month

As of March 27, 2026, the inventory of PE social sample warehouse was 623,200 tons, an increase of 16,100 tons compared to the previous period, a month on month increase of 2.65%, and a year-on-year increase of -1.13%.

The article shows that the social inventory of PE has increased to 623,200 tons, a month on month increase of 2.65%, indicating oversupply and weak demand, which poses downward pressure on LLDPE spot prices. Combined with PE futures data (such as the settlement price of the main contract 2605 at 8,559 RMB/ton, down 134), the increase in inventory has strengthened the bearish sentiment in the market, which may further lower futures prices, especially considering the trend of high trading volume but reduced holdings, implying an increase in short-term selling pressure.

PE inventory increased by 2.65% month on month, although slightly decreased by 1.13% year-on-year, the inventory increment was significant, reflecting the abundant supply and insufficient demand in the LDPE spot market, which is bearish on prices. The PE futures contract (such as the settlement price of 8,384 RMB/ton at 2609, down 190 RMB) shows a general downward trend, and inventory data may exacerbate the selling pressure on futures, especially with fluctuations in contract holdings, indicating a bearish market expectation for the future.

The inventory increased to 623,200 tons, a month on month growth of 2.65%, highlighting the oversupply in the HDPE spot market and suppressing prices. The PE futures market (such as the settlement price of 2607 contract at 8,525 RMB/ton, down 143) continues to decline, and the increase in inventory may amplify the decline in futures. Combined with recent contract trading volume and position data, the market has a strong short-term bearish sentiment, and the price is facing further downside risks.

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