Price trend

According to the data monitoring of toodudu, the domestic price of LLDPE (7042) was 8,332 RMB/ton on February 27, and the average price on March 3 was 8,354 RMB/ton, with an increase of 0.26% during the period, and down 1.10% from February 1.

According to the data monitoring of toodudu, the average ex-factory price of LDPE (2426H) was 9,083 RMB/ton on February 27 and 9,070 RMB/ton on March 3, with a decline of 0.15% during the period, and 1.59% lower than the price quoted on February 1.

According to the data monitoring of toodudu, the average ex-factory price of HDPE (5000S) was 8,500 RMB/ton on February 27 and 8,566 RMB/ton on March 3, with an increase of 0.78% during the period, which was the same as that on February 1.

Analysis review

This week, domestic PE prices had an upward trend, with LLDPE and HDPE rising slightly and LDPE falling slightly. At the cost side, the rise of international crude oil futures had a certain supporting effect on domestic PE. On the supply side, there were many temporary overhaul devices this week, which alleviated the market supply pressure in the short term. The traders’ quotation had been raised, and the overall PE supply was still loose. Downstream demand: March is the traditional peak season. The operating rate of plastic downstream products such as agricultural film and packaging film had increased, and orders had increased. Later, still need to pay attention to order follow-up.

Market outlook

The domestic PE market has sufficient supply. March is the traditional peak season, and the market demand is expected to be good. In the later stage, it should pay attention to the follow-up of orders. In the short term, the PE analysts of toodudu predict that PE may increase, but its rising space is limited.

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