According to the Rabbit Doodle Bulk Products Market Analysis System monitoring, the domestic LLDPE (7042) price on January 4 was RMB 8,250 per ton, and the average price on January 11 was RMB 8,168 per ton, a decrease of $0.99 % compared with the average price on January 11, 2019. Period.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LDPE (2426H) price was RMB 9112 per ton on January 4, and the average price was RMB 9082 per ton on January 11, down 0.33% compared with January 4, 2019 . It has been done. Time.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic HDPE (5000S) price was RMB 8512 per ton on January 4, and the average price was RMB 8487 per ton on January 11, asking for a 0.29% decrease . Period.

The PE market has been running in a narrow range of shock recently. On January 8, international crude oil futures fell. Saudi Arabia's price cut triggered demand concerns, causing oil prices to plummet by more than 4%, and cost support weakened. Supply-side pressure still exists. As greenhouse film demand enters the off-season, film demand is starting to emerge. However, new orders are limited and we need to maintain necessary inventories. Downstream trading is average and sentiment is pessimistic. Petrochemical companies cut prices to reduce inventory before Chinese New Year.

On January 11, PE L2405 contract on Dalian Commodity Exchange opened at RMB 7970/ton and closed at RMB 7970/ton. The price rose 3 yuan/ton to 8007 yuan/ton. The highest price was RMB 8019/mt and the lowest price was RMB 7957/mt, up 0.04%. Due to the recent weakness of PE futures, the spot market is on a downward trend.

During the demand off-season, inventory prices may rise before Chinese New Year, PE downtrend may be limited, and the business scope may become narrow and fragile due to the lack of effective and favorable PE.

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