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China PE Spot Market Rose due to the Obvious Advantages

  47
 June 2, 2024

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According to Todudu data monitoring, the domestic LLDPE (7042) price was RMB 8101.43 per ton on September 11, and the average price was RMB 8182.86 per ton on September 19, a week-on-week increase of 1.01%, and an increase of 0.70% in August.1.

According to the monitoring of TuoDu data, the average price of LDPE(2426H) ex-factory on September 11 was RMB 973.33/ton, up 4.79% to RMB 1020.00/ton, up 1.49% compared with the week of September 19th.

According to the data monitoring of Tudou.com, the average ex-works price of HDPE (5000S) was RMB 8500/ton on September 11, RMB 8600/ton on September 19, up 1.18%, and down $1.71 from last week. % Since August 1st.

After the Mid-Autumn Festival, the domestic polyethylene spot market continued to rise, the three major spot varieties have risen, leading the trend. 50-600 yuan / ton. Among them, LDPE rose the most obvious, LLDPE and HDPE prices are also running errands above. The market trend this week is significantly better. On the cost side, the relatively strong trend of international crude oil provided solid support. Petrochemical companies' factory prices have also risen. In addition, with the arrival of the Golden Nine peak season, post-holiday downstream is seeing supplementary demand. Traders are in a good frame of mind and prices are mostly running at high levels.

September 19, polyethylene futures 2301 opening price of 8130, the highest price of 8194, the lowest price of 8018, closing price of 8035, the former settlement price of 8080, settlement price of 8110, down 45. 367279 lots, 425473 lots, 7536 lots. (Quotation unit: yuan / ton)

At present, raw materials, the international crude oil trend is unstable, cost support is limited. In terms of demand, although the peak season has support, but the downstream still need to follow up, there is no significant increase in demand. At present, it is understood that petrochemical companies have a strong mentality and high ex-factory prices. China PE spot market is expected to enter a consolidation phase after a short-term rise.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).

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