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Good Demand, China PE Market slightly Increases

  40
 June 2, 2024

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According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LLDPE (7042) price was RMB 8257 per ton on April 7, and the average price was RMB 8292 per ton on April 12, up 0.43% in the same period.

According to the rabbit doodle bulk product market analysis system monitoring, April 7 domestic LDPE (2426H) price of 9,287 yuan / ton, April 12 average price of 9,312 yuan / ton, during the period of 0.27 yuan. %.

According to the monitoring of Rabbit Doodle Commodity Market Analysis System, the domestic price of HDPE (5000S) was RMB 8,475 per ton on April 7th, and the average price was RMB 8,475 per ton on April 12th. During this period, the estimate remained stable.

Last week, PE prices mainly rose slightly. At the beginning of the week, the P/E ratio on the cost side rose slightly due to higher crude oil prices. On the supply side, many domestic PE plants stopped production and maintenance, easing the burden on the supply side. Petrochemical companies' prices rose slightly and traders followed suit. On the demand side, downstream demand improved overall after the holiday season, and factories had sufficient inventory and good sales. However, with the increasing supply of high-priced products, there is some resistance, and the willingness of long-term factory purchases weakened.

April 12, Dalian Commodity Exchange PE L2409 contract opened at 8400 yuan, closed at 8369 yuan, down 17 yuan. The highest price of 8408 yuan, the lowest price of 8341 yuan, down 0.20%. PE futures were strong at the beginning of the week, bringing some optimism to the PE spot market. Since then, the futures market has weakened, and the support for spot prices has weakened.

PE equipment maintenance is expected to increase and the supply side to decrease. In late April, demand for mulch film began to weaken, and PE prices are expected to fall mainly in the off-season. There is limited room for growth.

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

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