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China PE Prices was Falling Last Week

  45
 June 3, 2024

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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 13 was RMB 8,238 per ton. During the same period, the stock price fell 2.37%.

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According to the monitoring of Rabbit Toot Commodity Market Analysis System, the average ex-works price of LDPE (2426H) was RMB 9,612/mt on October 1st and RMB 9,437/mt on October 13th. During the same period, the stock price fell 1.82%.

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According to the monitoring of Rabbit Doodle Product Market Analysis System, the average ex-works price of HDPE(5000S) was RMB 9,087/ton on October 1st, and the average ex-works price of HDPE(5000S) was RMB 8,800/ton on October 13th. During this period, the asking price fell by 3.16%.

After the holiday, polyethylene prices are on a downward trend. During the holiday period, the international crude oil market fell and the cost support for polyethylene weakened. Petrochemical companies lowered their ex-works prices to reduce inventory, and traders adjusted accordingly. Post-holiday market demand was lower than expected, and the market bought cautiously, leading to more trading. Among them, pure varieties of production in the off-season, orders follow-up measures are insufficient.

October 13, polyethylene L2401 price closed at 8021 yuan / ton, up 0.07%. After the National Day holiday, the overall trend of the polyethylene futures market is weak.

Downstream factories have limited restocking after the holiday. However, due to the relatively stable demand in the peak season for greenhouse film demand, the polyethylene market continued to decline after the holiday, and polyethylene prices are expected to fluctuate.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).

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