According to Todudu data monitoring, the average ex-works price of LLDPE (7042) in East China was RMB 7,750.00/mt on November 22, and RMB 8,266.67/mt on November 27, up 6.67% during the week, and 9.98% higher than on November 1st. (2426h) November 22, 11300.00 yuan / ton, November 27, 12375.00 yuan / ton, up 9.51% weekly, up 18.56% from November 1st. HDPE November 22 (5000S) ex-factory average price of 8433 yuan / ton, November 27 for 8700.00 yuan / ton, a weekly increase of 3.16%, up 4.40% from November 1st.

At the end of November, under the strong pressure of the past week (November 23-27), the three major varieties of PE spot market generally rose, of which the most obvious increase in East China, up about 1,050 yuan/yuan. tons. The price of varieties in East China rose about 300 yuan / ton, and the price of low-pressure varieties rose about 550 yuan / ton.

Last week (November 23rd to 27th), the PE spot market three varieties of the overall trend of rising, in which the high pressure dominated, East China rose the most obvious. 1050 yuan / ton or so. The price of varieties in East China rose about 300 yuan / ton, and the price of low-pressure varieties rose about 550 yuan / ton.

Last week, international crude oil prices continued to rise, which is good news for the market. In addition, the futures market fell after the first rise this week, which brought some support to the market. The main adjustments to the ex-factory prices of petrochemical products. Market prices rose because of the good mentality of merchants. On the supply side, at the end of November, Hong Kong imported insufficient resources, anti-cyclone and linear trade is good, the cyclone did not improve significantly, the inventory is not high.

November 27, PE futures 2101 opened at 7850, the highest price of 8010, the lowest price of 7820, closing price of 7970, the former settlement price of 7935, settlement price of 7900. turnover of 332,996 lots, the position volume of 250,857 lots, the average daily growth of 5055 lots. (Unit: RMB/ton)

At present, the downward trend of the futures market is limited to the market. In addition, with the rise in prices, downstream resistance increased and the market trading atmosphere weakened. On the demand side, the utilization rate of agricultural films is low and lacks the motivation for sustained price increase. While petrochemical inventories are low and prices are relatively strong, concession prices are declining. The private equity market in China is expected to contract in the near term.

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