According to the data monitoring of business news agency, the average ex-factory price of LLDPE (7042) in East China was 7,850.00 RMB/ ton on January 31 and 7,983.33 RMB/ ton on February 3, up 1.70% during the period and 1.27% compared with January 1. The average ex-factory price of LDPE (2426H) in East China was 10,712.50 RMB/ ton on January 31 and 10,812.50 RMB/ ton on February 3, with an increase of 0.93% and a decrease of 2.81% compared with January 1. The average ex-factory price of HDPE (5000S) in East China was 8,033.33 RMB/ ton on January 31 and 8,200.00 RMB/ ton on February 3, up 2.07% and 0.41% compared with January 1.

In January, three kinds of polyethylene spot showed a trend of first falling and then rising. According to the data monitoring of toodudu, in the first ten days of January, the decline of LDPE in East China was the most obvious, with a decline rate of about 400 RMB/ ton. HDPE in East China fell about 200 RMB/ ton, while LLDPE in East China fell by the least, about 100 RMB/ ton.

The three major spot varieties all stopped falling and rose in late January. In late January, the linear futures market rose, which brought a significant boost to the market. The merchants tentatively raised their quotations, and the terminal inquiry enthusiasm improved. Affected by the Spring Festival, with the coming of the holidays and the replenishment of goods before the downstream festivals, the overall transaction atmosphere of the market has improved, the inventory of Sinopec has been digested smoothly, the supply of goods in the market is tight, and the ex factory price of Sinopec has been raised slightly continuously.

At the end of January, Liansu futures rose sharply, bringing obvious benefits to the market. In February, most of the prices kept rising, the pressure on the supply side was not great, the overall inventory of production enterprises was at a low level, some of the supply sources were tight, and the market price was relatively firm.

On February 3, the opening price of polyethylene futures 2105 was 7,880, the highest price was 7,995, the lowest price was 7,835, the closing price was 7,980, the former settlement price was 7,860, the settlement price was 7,905, up 120, or 1.53%, the trading volume was 307,188, the position was 321,199, and the daily increase was 22,041. (quotation unit: RMB/ ton)

In February, the overall trend of Liansu futures market was weak, and the spot market was limited. At present, although some petrochemical enterprises slightly increase the ex-factory price, the market transaction atmosphere is general. The Spring Festival is coming, and the demand for terminal replenishment is basically over before the festival. At present, the enthusiasm for entering the market is general. In the later stage, with the downstream factories having a holiday, the market demand gradually weakens, the merchants’ mentality is damaged, and some market prices are loose. It is expected that China polyethylene market will be dominated by weak consolidation in the short term

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