Due to the special circumstances of 2020 and the public health events affecting the world, our products have been impacted to some degree. There have been a number of events such as the announcement of new orders on plastics regulation, a surge in demand for pest control materials, investment in new capacity, and a negative fall in international crude oil. Plastic products have been affected to varying degrees. In this environment, the PE market trend in 2020 was first low and then high, and the three types of PE spot prices rose throughout the year.

According to the monitoring of the data of TuoDu, the average price of LLDPE (7042) ex-factory in East China was 7350.00 yuan / ton on January 1, 7883.33 yuan / ton on December 31, 2020 7.26%. on January 1, the average price of LDPE (2426H) ex-factory in East China was 8012.50 yuan / ton on December 31, 11125.00 yuan / ton on December 31, 2020 rose 38.85%. January 1 East China HDPE (5000S) ex-works average price of 7916.67 yuan / ton, December 31 for 816.67 yuan, 2020 rose 3.16%.

The data show that the three main varieties of polyethylene overall rise, but LDPE rose significantly, HDPE market varieties gap. In the first half of this year, the difference between the three varieties is not obvious, but the difference seems to be greater in the second half of the year.

PE prices fluctuated frequently in 2020, and PE prices were volatile. The market fell at the end of the year. Prices were relatively strong only for high-pressure varieties, and weaker for linear and low-pressure varieties, especially for low-pressure varieties. The difference between year-end prices and year-end prices was small. Due to the poor economic conditions, demand was not strong in the peak season and orders were not as good as in previous years. Todudu PE analysts believe that the overall PE market in 2021 may be better than 2020, but the global public health events repeated uncertainty, the market supply and demand contradictions still exist, and it is expected that 2021 will still be difficult. Blood

Please feel free to contact toodududu (tdd-global@toodudu.com) with any questions.