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Lack of Effective Benefits, China PE Price Rose and Fell

  43
 June 3, 2024

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According to the monitoring of Todudu Product Market Analysis System, the domestic LLDPE (7042) price was RMB 822/mt on Nov. 1, and the average price was RMB 8,268/mt on Nov. 10th. During the same period, the stock price rose 0.49%.

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According to the Rabbit Doodle product market analysis system monitoring, November 1 LDPE (2426H) ex-factory average price of 9112 yuan / ton, November 10 average price of 9175 yuan / ton, an increase of 0.69%.

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According to the Rabbit Doodle product market analysis system monitoring, the average price of HDPE (5000S) ex-works on November 1 was RMB 8650 per ton, and the average price on November 10 was RMB 8637 per ton, with a price drop of 0.14. Percent. The price of polyethylene was volatile, and the lack of effective advantages limited the upside potential of polyethylene. The international crude oil market is falling due to concerns about the global economic outlook and has not provided sufficient support for polyethylene prices. Polyethylene prices were relatively low in October, and companies began to see small increases in early November. Although prices are rising, there is not much room for increase. Some enterprises have a strong wait-and-see attitude and estimate stabilization. Agricultural film market demand is stagnant, and downstream procurement is demand-oriented. Procurement is cautious, and new orders are insufficient.

November 10, Dalian commodity polyethylene L2401 contract opened at 8177 yuan, closed at 8162 yuan, down 9 yuan (0.11%).

After November, the end of the peak season of agricultural film, demand growth is limited, corporate parking and maintenance earlier to reduce the supply of polyethylene products are still under pressure. It is expected that the fundamentals are weak, polyethylene may fluctuate weakly due to the lack of upward momentum.

If you have any questions, please feel free to contact us at tdd-global@toodudu.com.

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