According to Todudu data monitoring, August 21 domestic LLDPE (7042) price of 7840 yuan / ton, August 29 average price of 7875.71 yuan / ton, up 0.46% week on week, down 9.30% to July. 1.

According to the monitoring of the data of TuoDu, the average price of LDPE (2426H) ex-factory on August 21 was RMB 9783.33/mt, and in August 2019 was RMB 9516.67/mt. The week of August 29 fell 2.73%, and the cumulative decline since July 1 is 12.96%.

According to the data monitoring of Tudou.com, the average ex-works price of HDPE (5000S) was RMB 8,516.67 per ton on August 21, and RMB 8,450 per ton on August 29, which was down and up 0.78% from the previous year. It was 10.27% higher than July 1st.

The overall trend of the domestic polyethylene market was weak last week. The three spot varieties fluctuated differently, with a fluctuation of 50,350 yuan per ton. Among them, LLDPE showed an upward trend, while LDPE and HDPE prices showed a downward trend. The international crude oil market shook up this week, and the cost side brought some support to the market. However, the increase in market supply and the operation of installations such as Shanghai Petrochemical had a certain degree of negative impact. On the demand side, many places were affected by high temperatures, with limited growth in sub-orders, a weak trading atmosphere in the market and a negative mindset among traders. Only a few brands rose, and most brands fell.

On August 29, PE futures 2301 opened at 7735, the highest price of 7786, the lowest price of 7666, closed at 7690, the former settlement price of 7677, the settlement price of 7725, up 13%. Volume increased by 387,642 lots, positions increased by 2,584 lots. (Quotation unit: yuan / ton)

At present, the international crude oil market is still growing, but the cost support is relatively limited. Although the overall supply of the polyethylene market increased, but the downstream demand is limited, the market trading atmosphere is still weak and bearish sentiment prevails. The domestic PE spot market is expected to remain slightly lower in the short term.

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