China PE mainly rose in August

  51
 June 3, 2024

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According to Todudu product market analysis system monitoring, August 1 domestic LLDPE (7042) price is 8200 yuan / ton, August 28 average price of 8428 yuan / ton, up 2.79%.

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According to the Rabbit Dodo commodity market analysis system monitoring, August 1 LDPE (2426H) ex-works average price of 8937 yuan / ton, August 28 average price of 9550 yuan / ton. The asking price rose 6.85% in the same period.

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According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of HDPE (5000S) ex-works was RMB 9,275 per ton on August 1st, and the average price was RMB 9,212 per ton on August 28th. During the same period, the stock price fell 0.67%.

Since the end of August, polyethylene prices have risen mainly, and LDPE prices have also risen sharply. Maintaining high crude oil prices has been supportive of polyethylene prices. Insufficient supply of some polyethylene brands led to higher offers from manufacturers and traders. Seasonal orders from agricultural film companies continued to recover, and downstream replenishment activities at lower prices increased compared with the previous period. Market sentiment was boosted by expectations of improved market demand. As far as HDPE is concerned, the shockwave was mainly seen in August, but ended the month on an upward trend. The maximum overhaul period of domestic polyethylene units has ended and the units are gradually resuming operation. In August, Ningxia Baofeng 400,000-ton HDPE unit was put into operation, and several HDPE units were planned to be put into operation. However, due to high prices in some areas, the downstream resistance to price increases is strong, the market transaction is limited, HDPE prices fell.

August polyethylene futures market is dominated by shock.

With the restart of the polyethylene maintenance equipment, the amount of equipment running increased, the supply side of the market will be active as the peak season of greenhouse film and film is approaching, demand is expected to increase. Sentiment. Polyethylene is likely to fluctuate rapidly, but the upside is expected to be limited.

Please feel free to contact toodududu (tdd-global@toodudu.com) for any queries.

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