According to Topdollar.com, the domestic LLDPE (7042) price was RMB 8,202 per ton on March 18, and the average price was RMB 8,238 per ton on March 22, up 0.44% year-on-year.

According to todudu, the domestic LDPE (2426H) price was RMB 9257 per ton on March 18, and the average price was RMB 9277 per ton on March 22, during which the price increased by 0.22%.

According to Todudu, domestic HDPE (5000S) was traded at RMB 8,450/mt on March 18, and the average price on March 22 was RMB 8,450/mt. During this period, the estimate remained stable.

Last week, PE prices rose slightly. International oil prices rose and then fell, and the cost side rose sharply at the beginning of the week, and some PE companies had maintenance plans, which reduced supply-side pressure. The production of downstream plastics enterprises gradually increased, and the demand is also increasing. Among them, plastic film is the highest demand season, the accumulation of orders increased, demand is expected to be good.

March 22, Dalian Commodity Exchange PE L2405 contract opened at 8321, closed at 8238 yuan, down 8238 yuan, the highest 8339 yuan, the lowest 8218 yuan, down 1.00%. PE futures market was strong overall last week, but weakened over the weekend.

PE equipment maintenance is likely to continue to increase while the supply side is expected to decline. Plastic film demand is in the midst of its peak season, which began to weaken at the end of April. Currently, downstream order inventories remain in place, the economy is in good shape, market sentiment is rebounding, and the P/E ratio is expected to be narrowly stronger.

If you have any questions, please feel free to contact toodududu at tdd-global@toodudu.com.