According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LLDPE (7042) price was RMB 8231 per ton on March 1, and the average price was RMB 8207 per ton on March 7, and the price decreased by 0.30% during the same period.

According to the Rabbit Doodle Commodity Market Analysis System monitoring, the domestic LDPE (2426H) price on March 1 was RMB 9237 per ton, and the average price on March 7 was RMB 9237 per ton.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic HDPE (5000S) price was RMB 8407 per ton on March 1, and the average price was RMB 8475 per ton on March 7, up 0.80% year-on-year.

Last week, PE prices were mixed, LLDPE and LDPE prices were mixed, and some HDPE prices also rose slightly. The recent bearish trend in futures puts pressure on the spot market. Domestic PE inventory supply is ample, with high pressure on the supply side, and most of the inventory has been consumed on the spot. In March this year, the production of downstream factories gradually increased. Demand growth was limited due to demand rigidity and market mismanagement.

March 7, Dalian Commodity Exchange PE L2405 contract opened at 8166 yuan, closed at 8149 yuan, down 10 yuan, the highest 8,194 yuan, the lowest 8,145 yuan, down 0.12%. Recently, due to the weakness of the futures market, the spot market has contracted.

PE supply is expected to increase. Demand for plastic films is expected to enter the peak season in March as early plants come on stream. In addition, demand for fresh products is expected to recover and demand is optimistic. The P/E ratio is expected to be volatile, but with limited room for upward adjustments.

If you have any questions, please feel free to contact us at tdd-global@toodudu.com.