According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LLDPE (7042) price was RMB 8257 per ton on January 31, and the average price was RMB 8188 per ton on February 7, and the price decreased by 0.83% during the same period.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LDPE (2426H) price was RMB 9,192 per ton on January 31, and the average price was RMB 9,245 per ton on February 7, up 0.57% year-on-year.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic price of HDPE (5000S) was RMB 8,437 per ton on January 31, and the average price was RMB 8,412 per ton on February 6, down 0.3%.

LLDPE market narrowly declined this week. LDPE prices rose slightly and then remained stable, and HDPE prices fell slightly and then remained stable. Costs provided some support for polyethylene. Domestic polyethylene enterprises maintained relatively few equipment, and with the Lunar New Year holiday approaching, supply was still sufficient, and downstream factories gradually went on vacation, with the start-up rate declining compared with the earlier period. Market demand is weak and trading is limited, with a lack of support for polyethylene on the demand side. There are signs that firms are building up inventories ahead of the holiday and site forecasts are softening. Traders are mainly concerned about trading volumes and margins.

February 7, Dalian Commodity Exchange polyethylene L2405 contract opened at 8145 yuan / ton, closed at 8220 yuan / ton, up 122%. The highest price of 8231 yuan / ton, the lowest price of 8124 yuan / ton, up 1.51%. Polyethylene futures were weak this week, unfavorable to the spot market.

After the Lunar New Year, due to the accumulation of corporate inventories during the holiday season, demand continues to be low, resulting in weak supply and demand for polyethylene, frequent policy news in the domestic market, which enhances market confidence and provides solid support for the polyethylene market. Polyethylene is expected to run in a narrow range after the festival.

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