Pricing Trends

According to Todudu product market analysis system monitoring, the domestic LLDPE (7042) price on May 8 was RMB 8,264 per ton, and the average price on May 12 was RMB 8,218 per ton, a year-on-year decrease of 0.55%.

According to Todudu Product Market Analysis System monitoring, the average ex-works price of LDPE (2426H) was RMB 8,530/mt on May 8, and RMB 8,487/mt on May 12, a year-on-year decrease of 0.50%.

According to the Rabbit Dodo commodity market analysis system monitoring, HDPE ex-works average price of 9087 yuan / ton, May 8 average price of 9162 yuan / ton, May 12 average price of 9162 yuan. / ton. The asking price rose 0.83% in the same period.

Analytical Review

PE fell this week mainly due to the decline in LLDPE and LDPE prices. HDPE prices rose first and then stabilized, with limited room to rise. On the cost side, international crude oil futures prices fell, suppressing PE market weakness. Companies cut prices and traders adjusted accordingly. On the supply side, PE production declined due to temporary power outages and increased maintenance installations. On the demand side, agricultural films are in the off-season with few orders and limited on-demand purchases.

Market Outlook

Domestic enterprises equipment maintenance increase to a certain extent to ease the PE supply pressure, agricultural film market demand is poor on the PE market has a negative impact. It is expected that the P/E ratio will be mainly adjusted weakly.

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