According to Todudu data monitoring, January 19 domestic LLDPE (7042) price announced at 8197 yuan / ton, January 29 average price of 8382 yuan / ton, up 2.27% over the same period. January 1 from 0.12%.

According to data from Tudou.com, the average price of LDPE (2426H) ex-factory on January 19 was RMB 8,950/mt, and RMB 9,150/mt on January 29, up 2.23% and 0.55% during the period.

According to the data of Tudou.com, the average ex-works price of HDPE(5000S) was RMB 8,416/ton on January 19, and RMB 8,500/ton on January 29, up 0.99% during the period, and 0.39% higher than that of January 1, according to the data of Tudou.com.

Polyethylene spot prices rose in January. Plant prices for petrochemical companies also rose and the number of traders increased accordingly. On the supply side, product supply pressure increased with the production of equipment in late January and early February. On the end-demand side, downstream plants have not yet resumed work and market trading was limited. With the gradual recovery of downstream companies, market demand is likely to increase. New polyethylene capacity is expected to come on stream in the first quarter of 2023, and the scope for polyethylene growth is expected to be limited.

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