On January 12, the LLDPE Commodity Index stood at 70.39, unchanged from yesterday. It is 40.12% lower than the cycle high of 117.56 points (December 11, 2013) and 0.69% higher than the September 8, 2019 low of 69.91 points. (Note: The period is from September 1, 2011 to the present)

On Jan. 12, the LDPE Commodity Index touched the cycle's all-time low of 62.35, unchanged from yesterday and up 0.69% from the 2013 December 8, 2013 high of 113.33 fell 44.98%. (Note: The period is from September 1, 2011 to present)

On January 12, the HDPE Commodity Index hit a new cycle low of 63.36, unchanged from yesterday, down 38.08% from the July 24, 2014 high of 102.33. (Note: The period is from September 1, 2011 to present)

This week (January 5-10) polyethylene ex-factory prices showed a sideways trend. East China enterprises to monitor the average price of LDPE 2426H at about 80.25 yuan / ton. The average price of HDPE 5000S was about RMB 7,816.67 per ton. LLDPE average price is about 7350 yuan / ton.

As of January 10, the price trend of LLDPE and LDPE in East China was stable this week. HDPE prices fell slightly this week. Petrochemical products ex-factory price change is not big, but PE overall market price fluctuations. And most of them went up by 50-200 yuan/ton.

At the beginning of the week, linear futures rose under the influence of international crude oil. The market atmosphere was positive, and business offers rose accordingly. In the second half of the week, with the fall of international crude oil prices and fluctuations in futures, the enthusiasm of the downstream market was suppressed to a certain extent. Petrochemical companies also slightly reduced some HDPE ex-factory prices, which affected the market atmosphere. Downstream market surveys were significantly reduced. Industry officials are still on the sidelines, except for plants that only need to replenish their supplies.

Import and export: In November 2019, PE imports totaled 1,456,300 tons. Among them, LLDPE imports were 451,900 tons, HDPE imports were 708,600 tons, and LDPE imports were 295,800 tons. In November 2019, the total volume of PE export was 25,900 tons. Of which 73,300 tons of LDPE was exported, 15,300 tons of HDPE was exported, and 33,300 tons of LLDPE was exported.

Market forecasts,todudu analysts believe that the Lunar New Year holiday is coming. With the downstream business holidays and factories gradually enter the holiday mode, demand will gradually decrease. Petrochemical companies plan to continue to actively de-stock from the Chinese New Year, it is expected that there will be no significant change in shipping prices. It is expected that the future short-term or lateral adjustment.

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