According to the Rabbit Doodle Commodity Market Analysis System monitoring, the domestic LLDPE (7042) price was RMB 822 per ton on November 1, and the average price was RMB 8100 per ton on November 30th. During the same period, the stock price fell 1.56%.

According to Rabbit Doodle bulk product market analysis system monitoring, November 2 domestic LDPE (2426H) price for 9112 yuan / ton, November 30 average price of 9137 yuan / ton, up 0.27%.

According to the monitoring of DouDou product market analysis system, the domestic HDPE (5000S) price was RMB 8,650/ton on Nov. 1, and the average price was RMB 8,550/ton on Nov. 30, down 1.16% year-on-year.

The overall performance of PE in November showed a weak trend. LDPE resisted the decline relatively well, while LLDPE and HDPE experienced a slight downward adjustment. At the beginning of the month, corporate prices showed a slight upward trend, but the increase was limited. International oil prices weakened during the month, and the PE market shrank. Compared with the previous period, the maintenance equipment of petrochemical enterprises decreased, and PE supply remained sufficient. Downstream demand for agricultural films and pipelines weakened, market demand weakened, rigid demand dominated, new orders were limited, and traders were more willing to adjust prices and price cuts.

November 30, Dalian Commodity Exchange PE L2401 contract opened at 7890 yuan, closed at 7968 yuan, up 86 yuan. The highest price of 7979 yuan, the lowest price of 7869 yuan, up 1.09%. PE futures in November shock in the first half of the month, the second half of the month fell sharply, the end of the month rose slightly.

November 29, international crude oil futures prices continued to rise, supporting the PE cost side. Agricultural film companies are facing low utilization, weakened downstream purchasing power, insufficient demand-side support, poor P/E fundamentals, and effective upward momentum. Weak volatility is expected to dominate.

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