Polyethylene PE: The intraday trend has been full of twists and turns. The price is tested in early trading and pushed up, and the decline is down before noon.

Sinopec Inventories: The polyolefin stocks of the two oils were 845,000 tons, a decrease of 20,000 tons from yesterday.

Analysis of PE futures: On March 26, the opening price of L2405 was 8229, the highest price was 8275, the lowest price was 8206, the position was 285245 lots, the settlement price was 8240, yesterday's settlement: 8232, the increase: 8, and the daily trading volume: 259663 lots.

Mainstream quotation in PE market: yuan/ton

PE spot market analysis: The trend of China's PE market today is full of twists and turns. Prices are high in early trading and low in early afternoon. The overall price center of gravity is still slightly lower. In terms of price: China's linear mainstream prices range from 8,150 to 8,500 yuan/ton, high-pressure prices range from 9,130 to 9,550 yuan/ton, low-pressure film materials range from 8,100 to 8,500 yuan/ton, and low-pressure wire drawing range from 8,070 to 8,700 yuan/ton. The two oils were slightly removed from storage, and the current inventory remains at 845,000 tons. There is still some inventory pressure upstream. Crude oil ended its three-day losing streak, but the plastic market was unlikely to perform well. Night and early trading were once red, boosting market confidence, increasing willingness to hold prices in the market, some low prices tentatively pushed up slightly, and pre-sale resources disappeared. As the market fell, spot prices returned to weakness, and offers also fell slightly. Traders mainly wait and see shipments, and pre-sale resources continue to yield profits. The downstream just needed to enter the market, and the transaction performance was weak.

PE spot trend forecast: Looking at the market in the later stage, the correction in the past two days can be regarded as a repair adjustment after the rise, and there is no risk of a significant fall back for the time being. In terms of raw materials: The current focus of crude oil is still on the geographical aspect. The Gaza ceasefire negotiations are still continuing. A real ceasefire has not yet been achieved. The U.S. Gaza ceasefire proposal has been vetoed. The geographical focus is still on the Palestinian-Israeli side, focusing on the progress of the ceasefire. Supply: At the end of the month and early April, many devices, including China, South Korea and Shenhua Baotou, are still parked. At the same time, the possibility of operating parking due to cost reasons is not ruled out, and market supply is expected to be significantly reduced. This week coincides with the end of the month. The sales of contract households this month are still good, and the supply of goods at the end of the month has tightened. On the demand side, downstream construction has returned to normal. Although the demand for raw materials has increased, the high prices are in conflict. Under the correction of raw materials, we should remain cautious and purchase passively. Under the comprehensive influence, it is expected that the short-term PE market will undergo a shock correction, absorbing the previous increase, and there will be room for some high prices to fall slightly.

China's PE Index: According to Tuduo's data, China's LLDPE spot index on March 26 was 8253, down 12, or 0.15%; the LDPE film spot index was 9292, down 20, or 0.21%; the HDPE spot index was 8388, stable.