According to Todudu monitoring, the domestic LLDPE price (7042) averaged RMB 8014/mt on June 2 and RMB 8028/mt on June 9, up 0.18% year-on-year.

According to the Chamber of Commerce product market analysis system monitoring, June 2 LDPE (2426H) ex-factory average price of 8120 yuan / ton, June 9 8407 yuan / ton, up 3.54% . Period.

According to the monitoring of the product market analysis system of the trading company, the average ex-works price of HDPE (5000S) was RMB 8,937/mt in 2019. The volume from June 2 to June 9 was $9,037 per ton, up 1.12% year-on-year.

Polyethylene prices rose this week. LDPE increases were significant. Crude oil prices were relatively firm at the beginning of the week, which provided some support and helped polyethylene prices to rise. There were maintenance programs in the LDPE sector, reduced supply in the domestic market and higher prices from petrochemical companies led to increased trading volumes. Agricultural films are entering the off-season for demand due to production disruptions and increased maintenance equipment. Overall start-up levels are low, downstream inventories are inactive and order follow-through is poor.

Weak demand in the polyethylene market is expected to show a significant upward trend, China P/E ratio is under pressure or weak volatility.

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