According to Todudu data monitoring, the domestic LLDPE (7042) price was RMB 8,370 per ton on November 11th, and the average price was RMB 8,404 per ton on November 18th, an increase of 0.41% year-on-year, and an increase of 5.32% year-on-year.

According to the monitoring of TuoDu data, the average price of LDPE (2426H) ex-works was RMB 9,633/mt on November 11, and RMB 9,600/mt on November 18, down 0.35% during the period, and up 0.88% compared with September 1st.

According to Todudu data monitoring, the average ex-works price of HDPE (5000S) was RMB 8,366/mt on Nov. 11, and RMB 8,400/mt on Nov. 18, an increase of 0.40% year-on-year, and a decrease of 1.18% compared with that of Sept. 1.

Last week, domestic PE prices rose and then fell, LLDPE rose slightly and then fell slightly, LDPE fell slightly and then stabilized, HDPE rose slightly and then stabilized. On the supply side, several sets of equipment were parked for maintenance last week, which reduced PE supply pressure and was favorable to the market. In November, the inventory of petrochemical companies gradually reduced. On the demand side, orders for greenhouse films are nearly completed and demand for packaging films is increasing. Data show that the average PE downstream product start rate rose slightly last week compared with last week, bringing obvious support to the PE market.

On the cost side, on November 18, international crude oil futures continued to fall, and the market presented a negative picture. On the supply side, with the resumption of maintenance equipment next week, supply pressure is expected to increase. On the demand side, the gradual end of the agricultural movie season brought some negative impact. Most of the downstream companies keep replenishment on demand with little incentive. The PE spot market in China is expected to be mainly narrow.

Please feel free to contact toodududu (tdd-global@toodudu.com) if you have any questions.