At the end of April, the three major PE futures and spot prices weakened and fell more significantly. Among them, East China LDPE fell the most, down 5.62% in the last 10 days, followed by East China LLDPE. HDPE fell slightly, but the overall trend is still weak.

According to todudu data monitoring, East China LLDPE (7042) ex-factory average price of 8716.67 yuan / ton. On April 15 and April 27, it was RMB 8400.00/mt, down 3.63% year-on-year and 6.67% from March 1st. The average ex-works price of LDPE (2426H) in East China was RMB 11,787.50/mt on April 15 and RMB 11,125.00/mt on April 27, down 5.62% year-on-year and 7.87% from April 1. The average ex-works price of HDPE (5000S) in East China was RMB 913.33/mt on April 15 and RMB 9,016.67/mt on April 27. The decline during the period was 1.28%, compared with March 1, the decline was 1.28%. 2.17%.

In the second half of April, the overall trend of PE spot market was weak. In addition to the spot price, the ex-factory prices of the three major varieties have declined to varying degrees. Among them, LDPE fell most significantly. The main reasons for the decline are: first, on the demand side, the overall start rate is low as the downstream industry is in the off-season. The utilization rate of agricultural film was about 28%, and the utilization rate of pipeline was about 47%. Demand for packaging film was relatively stable, utilization rate was generally low, inventory digestion was slow, and enterprises usually faced high inventory. Second, the international crude oil market. In late April, international crude oil prices fell and then rose, bringing limited benefits to the PE market. In addition, the sharp decline of Resso in the second half of the year was also one of the reasons for the negative attitude of the industry and the weakening of procurement inquiries. As the May Day holiday approached, there was no obvious negative news on the supply side, but market demand was lower than expected. Merchants' weak shipping sentiment led to a fall in offers.

At the end of April, Resso futures fell overall, bringing bad news to the spot market. On April 27, polyethylene futures 2109 opened at 8120, the highest price of 8205, the lowest price of 8015, the closing price of 8185, the former settlement price of 8155, the settlement price of 8115, up 30, of which the turnover of 486,018 lots, an increase of 0.37%, the volume of positions 333,838 lots, the average daily increase of 6,240 lots (quoted unit: yuan / ton).

Currently, Lysol futures are slightly higher, which has boosted market sentiment to some extent. With the May Day holiday approaching, some downstream factories entered the replenishment stage, but the overall market trading sentiment is widespread. Influenced by the industry's off-season, downstream orders were prevalent, inventories of the two oils declined slowly, and ex-factory prices were still falling. Overall, the PE market atmosphere is mainly short positions, and the domestic PE spot market is not expected to rise or remain weak in the short term.

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