According to the rabbit doodle bulk products market analysis system monitoring, January 1 domestic LLDPE (7042) price for 8237 yuan / ton, January 5 average price of 8242 yuan / ton, compared with January 5, 2019 rose 0.07%. Period.

According to the Rabbit Dodo bulk product market analysis system monitoring, January 1 domestic LDPE (2426H) price for 9082 yuan / ton, January 5 average price of 9105 yuan / ton, up 0.25%.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic HDPE (5000S) price was RMB 8,500 per ton on January 1, and the average price was RMB 8,512 per ton on January 5, up 0.15% year-on-year.

In the first week of 2024, PE market showed a slight upward trend. Oil prices rose slightly, and costs also supported the PE market to some extent. At the end of 2023, the number of temporary parking facilities for enterprises increased, leading to a decline in capacity. However, pressure on the supply side remained, and inventory accumulation was evident during the Chinese New Year. Downstream product utilization continued to decline, with limited follow-up of new orders. Greenhouse film demand was sluggish, film demand gradually eased, but new orders were slow to follow up. Packaging film orders are strongly supported.

January 5, Dalian Commodity Exchange PE L2405 contract opened at 8148 yuan, closed at 8127 yuan, down 45 yuan. The highest price of 8151 yuan, the lowest price of 8108 yuan, down 0.55%. PE futures market weakened this week, dragging down the spot market, near the end of the week, spot prices were downward trend.

Overall downstream demand has not changed much and is in the mid-to-late season. Due to the lack of substantial growth in the market off-season, PE upside is expected to remain limited or narrow.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).