In November spot market, the overall performance of the three major PE varieties showed an upward trend. Among them, the high pressure rose most obviously, and the price continued to reach new highs. According to the data monitoring of Tudou.com, in November, the price of 2426H LDPE in East China rose about 1900 yuan / ton. November East China LLDPE 7042 prices rose about 800 yuan / ton. November East China HDPE 5000S price rose about 400 yuan / ton.

According to todudu data monitoring, East China LLDPE (7042) ex-factory average price of 7516.67 yuan, November 1, 8300.00 yuan / ton, November 30, 8300.00 yuan / ton. Compared with last year, it increased by 10.42% and 11.91% respectively.The average ex-works price of LDPE (2426H) in East China was RMB 10,437.50/ton on Nov. 1, and RMB 12,375.00/ton on Nov. 30, which increased by 18.56% and 52.31% compared with last year.The average ex-works price of HDPE (5000S) in East China on Nov. 1 was 833.33 yuan/ton on November 30 was 8700.00 yuan/ton, up 4.40% and 9.89% from last year.

The PE market spot trend in November can be roughly divided into two parts. In the first half of the month, the market growth is not obvious, the three major products are steadily rising. In the second half of the month, the three major varieties of prices rose sharply. Due to the closure of equipment in enterprises such as Maoming Petrochemical, the shortage of high-pressure power supply led to a reduction in supply again, the market was in short supply, and prices rose, followed by a sharp rise in the futures market.

As prices continued to rise in November, downstream enterprises showed some resistance to price increases. Enterprises remained stringent and more cautious in their purchases. The futures market fell at the end of the month, with limited support for the spot market. On the demand side, the demand for packaging film is expected to increase due to the activation of e-commerce at the end of the year, but the demand for agricultural film is weakening, and the start rate is also on a downward trend. Weak international crude oil affected market sentiment. At the end of November, traders' offers fell. The PE market is expected to decline in December, but the decline is expected to be limited.

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