According to the monitoring of Todudu Product Market Analysis System, the domestic LLDPE (7042) price was RMB 8,207/mt on August 17th, and the average price was RMB 8,421/mt on August 24th. The asking price rose 2.61% in the same period.

According to the monitoring of Todudu Product Market Analysis System, the average price of LDPE(2426H) ex-works was RMB 9075/mt on August 17th, and the average price was RMB 9450/mt on August 17th, an increase of 4.13%.

According to the monitoring of Rabbit Dodo product market analysis system, the average price of HDPE (5000S) ex-works on August 17th was RMB 9,150/mt, and the average price on August 24th was RMB 9,212/mt. Over the same period, the asking price rose 0.68%.

Last week, PE prices mainly rose, of which LDPE prices rose sharply. Maintaining high crude oil prices had a supportive effect on PE prices. Supply shortage of some PE brands led to higher quotes 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.

PE futures market was dominated by oscillations last month, which had a certain positive impact on the spot market.

With the restart of PE maintenance equipment and the increase in equipment operation, the supply side of the peak season of greenhouse film and film is coming, demand is expected to increase, which is expected to stimulate market sentiment. The P/E ratio is expected to fluctuate significantly, but the upside is limited.

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