According to Todudu data monitoring, the average ex-works price of LLDPE(7042) in East China was RMB 7850.00/mt on Jan 31st, and RMB 8016.67/mt on Feb 9th, up 2.12% and 1.69% compared with Jan 1st. LDPE (2426H) ex-factory average price of January 31, 10712.50 yuan / ton, February 9 ex-factory average price of 10837.50 yuan / ton, compared with January 1, up 1.17% and down 2.58%. HDPE (5000S) ex-factory average price of 8033.33 yuan / ton. The price on January 31 was 826.67 yuan/ton, and the price on February 9 was 826.67 yuan/ton, up 2.90% and 1.22% from January 1st.

In February this year, the three major spot products saw two small increases. Among them, East China's HDPE rose most significantly, up about 250 yuan / ton. East China LLDPE rose about 200 yuan / ton, East China LDPE rose the least, about 150 yuan / ton.

At present, the ex-factory prices of petrochemical products rose slightly, cost support is still available. However, with the approach of the Lunar New Year, some areas of traffic disruption, downstream factories one after another holiday, resulting in a significant decline in the start rate. Petrochemical companies have a firm mindset, ex-factory prices continue to be adjusted, but the market trading atmosphere is light, the enthusiasm to enter the market is not high. At present, the upstream inventory has been accumulated, and the downstream prices are colliding at a high level. It is expected that after the Spring Festival, the Chinese PE market will show a strong and weak trend.

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