According to the monitoring of Todudu Product Market Analysis System, as of Nov. 10, the domestic LLDPE (7042) price was RMB 8,268 per ton, and the average price on Nov. 17 was RMB 8,222 per ton. The stock price fell 0.55% during the period.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average ex-works price of LDPE (2426H) was RMB 9,175/mt on Nov 10th and RMB 9,212/mt on Nov 17th. The asking price rose 0.41% in the same period.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of HDPE (5000S) ex-works was RMB 8,637 per ton on November 10th, and the average price was RMB 8,625 per ton on November 17th. The stock price fell 0.14% during the period.

Polyethylene prices were mixed last week, and the market shook and consolidated. The market lacked upward momentum and lacked upward momentum. U.S. crude oil inventories increased sharply, and economic indicators were sluggish. International crude oil futures plummeted on November 16, lacking support for polyethylene costs. Compared with the previous period, the maintenance equipment of petrochemical companies has been reduced, and the supply of polyethylene is still sufficient. Downstream demand for agricultural film and pipe is weak, market demand is weak, rigid demand dominates, new orders are limited accordingly, and the trading price is based on bargaining.

November 17, Dalian Commodity Exchange polyethylene L2401 contract opened at 8186 yuan, closed at 8161 yuan, down 10%. The yuan fell 0.12%, the highest point of 8233 yuan, the lowest point of 8128 yuan.

As the weekend approached, oil prices plummeted, putting pressure on the polyethylene market. After November, the peak season of agricultural film ended and demand growth was limited. With weak demand from the pipeline industry, polyethylene is expected to remain weak.

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