According to the monitoring of Todudu Product Market Analysis System, the price of domestic LLDPE (7042) was RMB 8,507 per ton on September 14th, and the average price was RMB 8,545 per ton on September 21st. During the same period, the stock price rose 0.45%.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average ex-works price of LDPE (2426H) was RMB 9,625/mt on September 14th and RMB 9,662/mt on September 21st. During this period, the asking price increased by 0.39%.

According to Doudou Commodity Market Monitoring and Analysis System, the average ex-works price of HDPE (5000S) was RMB 9,287 per ton on September 14th, and the average price was RMB 9,187 per ton on September 21st. During the same period, the stock price fell 1.08%.

PE price fluctuations in the last cycle, LLDPE, LDPE overall upward trend. LLDPE first rose and then fell, while LDPE was mainly stabilized after the rise. HDPE drawing product offerings declined. At the beginning of the week, crude oil prices were relatively firm, supporting PE prices. Subsequently, with the slight decline in crude oil prices, its support weakened. PE supply is expected to increase with the phased restart of spare maintenance equipment. With the approach of double festivals, front-end factory inventories are expected to increase and demand will rise. As demand for shed film enters the peak season, orders are gradually increasing. Agricultural film industry, PE pipe industry, packaging film industry start rate has increased. However, there is resistance to high prices, so merchants are shipping at discounted prices.

Crude oil and coal costs were supported and P/E ratio was strengthened. PE supply increased as corporate parking and maintenance equipment gradually restarted. Demand is expected to increase in the peak season, and downstream inventory will also increase. For packaging film, demand is expected to increase due to Mid-Autumn Festival and E-commerce Festival. PE supply and demand are both increasing, and crude oil futures are expected to trend downward over the weekend. The P/E ratio is expected to be adjusted mainly based on volatility.

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