According to Todudu data monitoring, the domestic LLDPE (7042) price on October 1 was RMB 8,368.57 per ton, and the average price on October 27 was RMB 8,374.29 per ton. The growth in October was 0.07%, 4.94% higher than in September. One.

According to the monitoring of the data of TuoDu, the average price of LDPE (2426H) ex-works was RMB 9,980/mt on October 1, and RMB 9,633.33/mt in October. The decline in October expanded to 3.47%. Since September 1 rose 1.23%.

According to the data monitoring of Tudou.com, the average ex-works price of HDPE(5000S) was RMB 8416.67/ton on October 1, and RMB 836.67/ton on October 28, down by 0.59% in October, and down by 1.57% on September 1, according to the data monitoring of Tudou.com.

In October the domestic polyethylene spot market, the three major spot varieties showed a trend of first up and then down, of which LLDPE rose, LDPE, HDPE fell. After the National Day holiday, the polyethylene market rose sharply. During the holiday, the strong rise in international crude oil prices boosted the polyethylene market. In addition, post-holiday downstream hoarding and replenishment demand drove petrochemical companies stronger and ex-factory prices higher. However, in the second half of the year, international oil prices stopped rising and falling during the festival, and market sentiment was poor. The ability of downstream enterprises to accept price increases was limited, and the enthusiasm to enter the market declined compared with the previous period. The market trading atmosphere slowed down, and polyethylene prices also fell. At present, the low-pressure drawn pipe industry has entered the off-season with low orders and sluggish downstream demand. On the supply side, market output has decreased. In addition, companies are willing to go to the warehouse at the end of the month, mainly to earn more profits through shipments.

Currently, on the raw material side, international crude oil was trending up at the end of the month (October 27), but with limited support. On the demand side, low-pressure pipes and fresh materials are in the off-season, and demand for greenhouse films is coming to an end, which will have some negative impact. Most downstream companies are keeping on-demand replenishment with little incentive. China PE spot market is expected to rise slightly or fluctuate narrowly in November.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).