Pricing Trends

According to Todudu data monitoring, the domestic LLDPE (7042) price was RMB 833 per ton on February 27th, and the average price was RMB 8354 per ton on March 3rd, up 0.26% over the same period, and down 1.10% from February 1st.

According to the monitoring of the data of TuoDu, the average price of LDPE (2426H) ex-factory on February 27 was RMB 9083/ton, and RMB 9070/ton on March 3, down 0.15% during the period, and down 1.59% compared with the offer on February 1 .

According to the monitoring of TuoDu data, the average ex-works price of HDPE (5000S) was RMB 8,500/mt on February 27, and RMB 8,566/mt on March 3, an increase of 0.78% year-on-year, and the same as in February.1.

Analyzing Overview

Domestic PE prices were on an upward trend this week, with LLDPE and HDPE rising slightly and LDPE falling slightly. On the cost side, the rise in international crude oil futures provided some support for domestic P/E. On the supply side, there were a large number of temporary maintenance units this week, which eased the market supply pressure in the short term. Traders' offers rose, and overall PE supply remained loose. Downstream demand: March is the traditional peak season. The start rate of downstream plastic products, such as agricultural film and packaging film, increased, as did orders. Follow-up ordering actions still need to be noted.

Aftermarket

Domestic PE market is well supplied. March is the traditional peak season and good market demand is expected. Please pay attention to follow up your orders. Todudu's PER analyst expects that PER may rise in the short term, but the upside is limited.

If you have any questions, please feel free to email todudu: tdd-global@toodudu.com