Pricing Trends

According to Todudu data monitoring, the domestic LLDPE price (7042) 8354 yuan / ton on March 6, March 10 average price of 8351 yuan / ton, down 0.03% over the same period, up 0.14% from March 1st.

According to the monitoring of TuoDu data, the average price of LDPE ex-factory on March 6 (2426H) was RMB 9,120/ton, and the average price on March 10 was RMB 9,120/ton. Prices were stable during the period, up 0.55% from March 1st.

According to data from Tudou.com, the average ex-works price of HDPE (5000S) was RMB 8,566/mt on March 6th and RMB 8,600/mt on March 10th. It increased 0.39% year-on-year and 0.78% from March 1st.

Analytical Review

This week PE first rose and then fell. LLDPE prices first rose and then fell, LDPE and HDPE prices first rose and then stabilized. On the cost side, due to the pressure of interest rate hikes, international crude oil prices fell, which had a certain impact on domestic PER. In terms of supply, more temporary maintenance of equipment this week, supply pressure is less, and corporate price support attitude is stronger. In terms of downstream demand, plastic film continues to prosper, plastic greenhouse film demand is weak, downstream purchasing demand is lower than expected, order growth is limited.

Aftermarket PE new equipment on line pressure, the market is less new orders. With the gradual recovery of real estate, pipeline demand is expected to gradually recover. Todudu PE analysts predict that PE may adjust slightly in the short term.

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