At the end of May, the overall trend of PE spot three-line varieties continued to be weak.LDPE fell last week most significantly in East China. HDPE fell first and then stabilized, LLDPE is still weak, traders to profit.

According to the data of Toto, the average ex-works price of LLDPE (7042) in East China was RMB 833.33/ton on May 23rd and RMB 833.33/ton on May 28th. Compared with May 1, the weekly price remained stable, down 0.79%.On May 23, the average ex-works price of LDPE (2426 hours) in East China was RMB 10,250.00/ton, and on May 28 it was RMB 9,825.00/ton, a decrease of 4.15% during the week, and a decrease of 11.29% compared with that on May 1.On May 23, the average ex-works price of HDPE (5000S) in East China was 9083.33 yuan / ton, May 28 average price of 9066.67 yuan / ton. This week's performance is stable, down 0.18%, up 0.55%. From May 1st.

The general trend at the end of the month is 3. PE spot market is still weak, and ex-works prices have decreased.LDPE fell the most last week, ranging from 150-400 yuan/ton, and HDPE fell by 100-300 yuan/ton. Market confidence weakened as petrochemical companies lowered their ex-factory prices. On the demand side, agricultural film production is currently in the off-season and lacks linear demand, so the market trading atmosphere is average. In addition, the power restriction in some areas of South China is expected to affect the construction of downstream enterprises and reduce the demand for raw materials. On the supply side, new capacity resources are gradually entering the market and domestic supply is increasing significantly, which also brings bad news to the market. Merchants are actively shipping and giving small margins to encourage purchases in the downstream market.

Raw material demand is expected to be low due to power outages in some parts of South China affecting downstream enterprises' start-ups. And agricultural film production is entering the traditional off-season, market demand weakened. Domestic PE supply is also under pressure. Petrochemical enterprises ex-factory price cut will affect market sentiment. Enterprises will also reduce prices accordingly. China PE spot market is expected to remain weak in the short term.

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