According to the monitoring of Todudu Product Market Analysis System, the price of domestic LLDPE (7042) was RMB 8,028 per ton on June 16th, and the average price was RMB 8,042 per ton on June 25th. During the same period, the stock price rose 0.18%.

According to the monitoring of Rabbit Doodle Product Market Analysis System, the average ex-works price of LDPE (2426H) was RMB 8,500/ton on June 16, and RMB 8,525/ton on June 25, up 0.29% year-on-year.

According to the product monitoring chart of Dudu Market Analysis System, the average ex-works price of HDPE (5000S) was RMB 9,037/mt on June 16th, and the average price was RMB 9,062/mt on June 25th. The asking price rose 0.28% in the same period.

Last week, polyethylene prices rose slightly. Last June, the Fed stopped raising interest rates and macroeconomic sentiment recovered, providing some support for polyethylene prices. The slight increase in crude oil prices boosted the polyethylene market. In June this year, equipment maintenance levels were higher, maintenance losses increased, and there was less pressure on market supply. Agricultural movies are in off-season with limited order follow-through. As for pipelines, factory orders are gradually decreasing and factories are not enthusiastic in receiving them. The market is mainly on-demand procurement.

Some polyethylene devices have been put in place maintenance program, easing the market supply pressure. However, the demand for polyethylene market is weak, and polyethylene is expected to see a shock adjustment.

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