According to the Rabbit Doodle Bulk Products Market Analysis System monitoring, the domestic LLDPE (7042) price on December 1 was RMB 8100 per ton, and the average price on December 29 was RMB 8,230 per ton, up 1.6% compared with December 2019.

According to the monitoring of Todudu bulk product market analysis system, the domestic LDPE (2426H) price was RMB 9137 per ton on December 1, and the average price was RMB 9082 per ton on December 29, with the year-on-year price down by RMB 0.60.

According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic price of HDPE (5000S) was RMB 8,550 per ton on December 1, and the average price was RMB 8,500 per ton on December 29, down 0.58% year-on-year.

PE market stumbled in December. LLDPE LDPE continued to strengthen slightly, while LDPE continued to strengthen slightly and HDPE declined slightly. Geopolitical tensions, Fed rate cut expectations, and rising international oil prices supported the cost PE market. The company does not have a large number of maintenance facilities and is focusing on short-term repairs with adequate PE supply. Downstream product utilization was on a downward trend, with agricultural film utilization declining and packaging film utilization rising slightly mainly due to holiday demand. Generally speaking, downstream demand was weak and purchases were relatively cautious. Traders were more willing to adjust their offers and sell at discounted prices.

On December 29, PE L2405 contract on Dalian Commodity Exchange opened at RMB 8280/ton and closed at RMB 8280/ton, down RMB 23/ton. The highest price of 8299 yuan / ton, the lowest price of 8255 yuan / ton, down 0.28%. December futures were strong, driving PE spot prices up.

Linear products were driven by strong futures, spot prices rose slowly and slightly, and the market trend remained high. Medium and low-pressure products performed weakly, greenhouse film demand decreased, and plastic film demand slowly followed. It is expected that the overall demand in the agricultural calendar film market in January is weak, the supply is sufficient, and the space for PE growth is limited.

If you have any questions, please feel free to contact toodududu (tdd-global@toodudu.com).