According to the monitoring of SangYi Product Market Analysis System, the average price of domestic LLDPE (7042) in November was RMB 8,217 per ton, and it was RMB 8,125 per ton on the 24th, which was 1.11% lower than the same period of last year.

The average price of domestic LDPE (2426H) was RMB 9,262 per ton on November 20 and RMB 9,250 per ton in December 2019, according to the monitoring of Sheng Yishe Commodity Market Analysis System. On November 24, the price fell 0.13% during the period.

According to the monitoring of Biomedical Society's product market analysis system, the average price of domestic HDPE (5000S) on November 20 was 8625 yuan/ton, and on November 24 was 8550 yuan/ton. During the same period, the stock price fell 0.87%.

Polyethylene prices fell narrowly last week. Cost: International crude oil futures prices fell on November 23, OPEC oil producers meeting was postponed. As market expectations of production cuts have almost dissipated, oil prices are under pressure and there is a lack of support for polyethylene from a cost perspective. Supply: Polyethylene supply remains adequate. Downstream demand for agricultural films and pipes weakened, as did market demand, with rigid demand dominating and new orders more willing to ship at discounted prices.

November 24, Dalian Commodity Exchange polyethylene L2401 contract opened at 7881 yuan, closed at 7934 yuan, up 56 yuan. The highest price of 7943 yuan, the lowest price of 7858 yuan, up 0.71%. With the decline in the futures market last week, the spot market also showed a downward trend.

Oil prices are under pressure, putting pressure on the polyethylene market. Terminal purchasing enthusiasm declined, and demand is difficult to improve significantly. The poor performance of polyethylene is expected to be mainly caused by slight vibration.

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