Pricing Trends

According to Todudu product market analysis system monitoring, May 1 domestic LLDPE (7042) price for 8350 yuan / ton, May 30 average price of 8014 yuan / ton, a year-on-year decline of 4.02%.

According to todudu product market analysis system monitoring, May 1 LDPE (2426H) ex-works average price of 8725 yuan / ton, May 30 8107 yuan / ton, a year-on-year decline of 7.08% .

According to Todudu product market analysis system monitoring, HDPE (5000S) ex-works average price 9090 yuan / ton, May 1 average price 8937 yuan / ton, May 30 average price 8937 yuan / ton. Yuan/ton. It decreased by 1.68% during the period.

Analytical Review

In May this year, PE estimated center of gravity continued to move down. In May this year, petrochemical companies continued to cut prices, and traders continued to cut prices due to poor attitude. With the increase of domestic PE parking inspection, the supply pressure has eased. Agricultural films require more parking and maintenance units when they are not needed in the off-season. Some plants bought at low prices, but market demand growth was limited. In the pipeline industry, business operating rate declined and market trading was sluggish.

Market Outlook

In the second quarter, domestic PE supply pressure eased due to intensive equipment maintenance. However, as agricultural films are in the traditional off-season, the center of gravity of spot prices continues to fall, and demand dominates. PE prices are expected to decline slightly.

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