Pricing Trends

According to Todudu product market analysis system monitoring, on May 22nd domestic LLDPE (7042) price is 8052 yuan/ton, May 26th average price is 8014 yuan/ton, down 0.48%.

According to the monitoring of Todudu Product Market Analysis System, the average price of LDPE (2426H) ex-works was RMB 8,287/ton on May 22, and RMB 8,232/ton on May 26, down 0.66% year-on-year.

According to the monitoring of Rabbit Dodo product market analysis system, the average price of HDPE(5000S) ex-works was RMB 9037/ton, the average price on May 22 was RMB 8937/ton, and the average price on May 26 was RMB 8937/ton. /ton. /ton. The stock price fell 1.11% during the period.

Analytical Review

PE continued to weaken this week. On the cost side, crude oil prices fell and cost support was weak. When petrochemical companies cut prices this week, traders were not in a good frame of mind, so they cut prices accordingly. On the supply side, supply eased due to the shutdown of several sets of domestic PE equipment for maintenance. On the demand side, agro-film is in off-season with more equipment shutdowns for maintenance. Although some factories are restocking at low prices, market demand growth is limited. Packaging film industry orders are poor.

Aftermarket

Domestic PE supply pressure has eased, but spot prices in the downstream market are expected to continue on a downward trend due to sluggish trading in the PE market. Currently, the market lacks effective bullish support and P/E is expected to be weak.

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