According to Todudu data monitoring, the average ex-works price of LLDPE (7042) in East China was RMB 813.33/mt, compared with RMB 783.33/mt on December 31, a weekly drop of 3.07%, and a year-on-year drop of 5.02%. December. As of January 1, 2020, the price of LDPE (2426h) in East China was RMB 11,387.50/mt, compared with RMB 11,125.00/mt on December 31, a weekly drop of 2.31%, and a drop of 10.10% compared with December 1, 2020. On December 31, the average price of LDPE in East China was RMB 11,125.00 per ton. Since the beginning of December, HDPE in East China declined by 21.67%. on December 27, the average ex-works price of HDPE (5000S) in East China was RMB 826.67/mt, and on December 31 it was RMB 816.67/mt, a weekly decline of 1.21% and 6.13% from December 1, 2020. The PE spot market continued to weaken last week and continued to fall overall. All three spot instruments declined to varying degrees. According to the data monitoring of Tudou.com, the price of LLDPE 7042 fell most significantly in East China, by about RMB 300/tonne.LDPE fell by RMB 200/tonne in East China 2426H, and low pressure varieties fell by about RMB 100/tonne, the smallest decline. This week, most of the samples are horizontally aligned.

The spot market saw varying degrees of decline last week. Toward the end of the year, the market maintenance is reduced and the supply side is relatively abundant. On the demand side, it is now in the traditional off-season of demand. In addition, most of the downstream factories have little capacity to accommodate due to green power and production limitations. They mainly fulfill the demand. They are usually eager to enter the market. The trading atmosphere in the market is slightly light, and the contradiction between supply and demand in the market is prominent. Ex-factory prices of petrochemical companies continued to be cut, market sentiment was weak, market supply cost support was weak and futures market continued to fall. Traders were pessimistic and followed the market trend, resulting in prices falling across the board.

December 30, PE futures 2105 opened at 7540, the highest price of 7570, the lowest price of 7450, closing price of 7565. settlement price of 7580, settlement price fell 15 to 7515. or 0.20%. Volume 291,874 lots, positions 23,125 lots, an increase of 1011 lots per day. (Estimated unit: yuan / ton)

At present, downstream factories are greatly affected by environmental protection, resulting in a sharp decline in the start rate and a significant drop in demand. However, the market supply is relatively sufficient, and the contradiction between supply and demand is prominent. In addition, by the end of 2020, manufacturers have a weak mindset and need to organize their warehouses. However, on December 31, the futures market rebounded and rose overall, giving some support to the market. It is expected that China's private equity market will be horizontally consolidated in the near term.

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