1.Price Trend From October 19 to 29, the polyethylene market showed a downward trend. As of the 29th day, the average price of LLDPE 7042 monitored by the toodudu in East China was about RMB 7516.67 yuan / ton, with a 10 day drop of 0.44%; the average price of LDPE 2426h was about RMB 8400 yuan / ton, with a 10 day drop of 1.32%; the average price of HDPE 5000S was about RMB 8316.67 yuan / ton, with a 10 day drop of 1.19%. The price of PE market in East China fell first and then stabilized. 2.Cause analysis This is the peak consumption season of the “golden nine silver ten”. The demand for agricultural film in the lower reaches has improved, but the polyethylene market has fallen again and again. Now the “silver ten” is coming to an end, and the market trend is still in a weak position. In recent 10 days, PE trend has been stable after falling. On October 17, the linear futures plummeted, which has a significant impact on the mentality of the industry. The down...

TotalEnergies has announced the introduction of a new high-density polyethylene for tethered lid application (HDPE) resin that reduces material use, improves recycling rates and increases recovery rates. The new HDPE 20HD07 resin has improved mechanical and sensory properties and uses less material than the market standard to achieve the same technical closure performance, which reduces the carbon footprint of end-use applications, such as beverage or cosmetic bottles. In addition, it contributes to the circular economy by designing packaging solutions for single material PE that can be easily sorted for recycling. The new product is suitable for food contact applications and meets all market requirements for bottle caps and closures. It is fully compliant with European Directive (EU) 2019/904, which reduces the environmental impact of plastic products. TotalEnergies will be attending the AMI Day in Barcelona, Spain, on June 14-15, 2023 at the Plastic Lid Innovations conference, whe...