According to todudu data monitoring, the overall domestic trend in the second half of June (June 15-29) is that the domestic PE spot market showed a steady upward trend, of which LDPE rose the most, up 3.58% over the same period last year. Last month. the second half of June. Although it is the traditional off-season, but the overhaul of petrochemical plants led to a significant reduction in market supply, bringing solid support to some areas.

At the end of June, PE spot market, three varieties of prices mainly rose. Most petrochemical companies have increased ex-works prices, boosting the market atmosphere. From June 15 to 17, international crude oil prices rose for three consecutive days, favoring the market. At present, petrochemical enterprises are in the intensive maintenance stage, market supply is reduced, and market prices are relatively firm. However, as it is in the traditional off-season, the overall demand from downstream users is low and needs to be replenished, so the market trading sentiment is widespread. Enterprises need to have a good mindset. On June 22, plastic futures were higher, favoring the spot market, and PE rose again. Petrochemical companies raised ex-factory prices for several consecutive days, ranging from 50 to 100 yuan per ton. After the Dragon Boat Festival, petrochemical inventories accumulated, and short-term consumption difficulties. However, due to the high level of maintenance of petrochemical equipment, the impact on the market is not great, and prices remain at a stable level.

At present, the impact of COVID-19 on China's domestic market is limited. Downstream operations are gradually resuming work and production, with the start-up rate significantly higher than that of the earlier stages, and market demand is showing signs of recovery. In addition, we are now entering the peak maintenance season, which has led to a significant reduction in market supply, giving the market a benefit due to the relative shortage of supply. However, with the end of the maintenance season, supply in the domestic market has increased significantly, and the market supply and demand situation is not optimistic. The future market is expected to rise before falling.

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