SunSirs: China PE Inventory Surged 14.51% Month on Month
April 10 2026 13:51:13 SunSirs (Selena)
As of April 8, 2026, the sample inventory of Chinese PE production enterprises was 589,500 tons, an increase of 74,700 tons from the previous period and a month on month increase of 14.51%.
Inventory increased significantly by 74,700 tons, up 14.51% month on month, indicating oversupply and weak demand, posing significant downward pressure on spot prices. Combining the downward trend and high trading volume of the main PE futures contract 2605 (closing price of 8,579 RMB/ton, down 312 RMB), the market expectation is pessimistic, and futures prices may further come under pressure, strengthening the bearish signal.
Inventory surged by 14.51% month on month, reflecting oversupply and insufficient demand in the market, which has a significant negative impact on spot prices. PE futures data, such as contract 2609 (closing price of 8,384 RMB/ton, down 306 RMB), shows a continuous decline, and changes in holdings indicate an increase in bearish sentiment in the market. It is expected that futures prices will continue to decline.
Inventory has significantly increased by 14.51%, highlighting the risk of oversupply and having a significant negative impact on spot prices. The downward trend and trading volume data of PE futures contract 2606 (closing price of 8,591 RMB/ton, down 307 RMB) support bearish expectations, and the sentiment of the futures market is sluggish, increasing downward pressure on prices.
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