According to Todudu data monitoring, the domestic LLDPE (7042) price was 7,980 yuan per ton on September 1, and the average price was 8,044.29 yuan per ton on September 8, a weekly increase of 0.81%, a decrease of 0.47% compared with August.1.

According to the monitoring of TuoDu data, the average price of LDPE (2426H) ex-works on September 1 was RMB 9,516.67/mt, and on September 9, 2019, it was RMB 9,733.33/mt. It rose 2.28% in the week of September 8, and fell 3.15% from August 1st.

According to Todudu data monitoring, the average price of HDPE(5000S) ex-factory on September 1 was RMB 8,500 per ton, and the average price of HDPE(5000S) ex-factory on September 8 was RMB 8,500 per ton. Prices were stable this week, down 2.86% from August 1st.

With the arrival of the peak sales season, the first week of September, the domestic PE spot market as a whole dominated, the three major spot varieties trended well, with an overall increase of 50-400 yuan / ton. Among them, LDPE rose most obviously, LLDPE rose slightly, and HDPE prices remained firm and stable this week. International crude oil prices were weak this week, but rising ethylene and coal prices provided solid support for the market. In addition, with the arrival of the peak season, the downstream demand improved, the utilization rate of agricultural film improved, and the Mid-Autumn Festival is approaching, the market turnover increased. Petrochemical companies also raised their ex-factory prices, and the atmosphere in the industry was favorable.

On September 8, PE futures 2211 opened at KRW 8,114, with a high of KRW 8,191, a low of KRW 8,055, and closed at KRW 8,177, with a pre-settlement price of KRW 8,139, and a settlement price of KRW 8,122 increased by KRW 38. %. Volume of 55, 679 lots, positions 93, 876 lots, a daily increase of-2, 950 lots. (Quotation unit: yuan / ton)

The Union Plastics futures market rose sharply this week, bringing some support to the spot market. Moreover, with the Mid-Autumn Festival holiday approaching, downstream enterprises stocked up in advance, enhancing the enthusiasm to enter the market. However, international crude oil prices are weak, market resource consumption may slow down during the Mid-Autumn Festival, and inventory pressure may increase, which may limit the market rise. The domestic PE spot market is expected to have limited space for short-term growth, and M&A may dominate.

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