According to Todudu product market analysis system monitoring, as of October 1, the domestic LLDPE (7042) price was RMB 8,438 per ton, and the average price on October 30 was RMB 8,207 per ton. During the same period, the stock price fell 2.74%.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of LDPE (2426H) ex-works was RMB 9,612 per ton on October 1st, and the average price was RMB 9,262 per ton on October 30th. During the same period, the stock price fell 3.64%.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of HDPE (5000S) ex-works was RMB 9,087 per ton on October 1st, and the average price was RMB 8,650 per ton on October 30th. During the same period, the stock price fell 4.81%.

Last October, polyethylene prices fell slightly. Prices plummeted in the first ten days. During the National Day holiday, the international crude oil market fell, and the cost support for polyethylene weakened. Petrochemical companies lowered their ex-factory prices to reduce inventory, and traders adjusted accordingly. After the holiday, market demand was lower than expected, and merchants often cut prices to encourage trading. Polyethylene supply is expected to increase as companies shut down production for maintenance. Agricultural film demand is in peak season and market purchases are demand-driven. During the e-commerce festival, packaging film demand is expected to improve.

On October 30, the price of polyethylene L2401 closed at RMB 8169 per ton, up 1.08%. The rise in polyethylene futures may push up polyethylene spot prices.

After November, the end of peak season of agricultural film may put pressure on the demand side. The main components of polyethylene are expected to have some adjustments.

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