Polyethylene PE: Most of the prices fell, and the market significantly reduced its positions and went downward, showing a dead end on the technical level.

Sinopec Inventories: The polyolefin stocks of the two oils were 835,000 tons, a decrease of 20,000 tons from yesterday.

Shenhua auction statistics: Today's auction volume is 900 tons, and today's transaction volume is 450 tons. High-pressure auction volume today is 0 tons, and today's transaction volume is 0 tons. Low-pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons.

PE spot market analysis: Today, China's PE market is downgraded. Among them, the prices of linear, high-pressure and low-pressure film materials have all been slightly lowered. Individual prices of low-pressure wire drawing have increased slightly. The adjustment ranges in various regions range from 20 to 50 yuan/ton. In terms of price: China's linear mainstream prices range from 8,360 to 8,750 yuan/ton, high-pressure prices range from 9,750 to 9,900 yuan/ton, low-pressure film materials range from 8,320 to 8,800 yuan/ton, and low-pressure wire drawing range from 8,100 to 9,150 yuan/ton. Market transactions are poor, coupled with the lack of obvious positive factors to boost them, traders have given concessions to ship goods, and the center of gravity of transaction prices in most markets has shifted downward, and there is room for negotiation on firm transactions.

PE spot trend forecast: In terms of raw materials, crude oil continues to consolidate upwards, international oil prices rise, and the cost side has certain support for the market. On the supply side, in the later period, polyethylene companies have added new maintenance equipment to be overhauled, and the supply side is still positive for the market. However, the overall performance on the demand side is weak, and downstream procurement demand is weakening, dragging down the market's upward pace. Overall, it is expected that the short-term polyethylene market may continue to fluctuate and consolidate operations.

Mainstream quotation in PE market: yuan/ton

Analysis of PE futures: On May 10, the opening price of L2409 was 8436, the highest price was 8457, the lowest price was 8384, the position was 446054, the settlement price was 8422, yesterday's settlement: 8467, down: 45.

China's PE Index: According to Tuduo's data, on May 10, China's LLDPE spot index was 8501, down 17; the LDPE film spot index was 9881, up 0; and the HDPE spot index was 8410, down 1.