According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8591 yuan/ton on July 8th, and the average price was 8485 yuan/ton on July 16th, with a price drop of 1.23% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10537 yuan/ton on July 8th, and the average price was 10237 yuan/ton on July 16th, with a price drop of 2.85% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8450 yuan/ton on July 8th, and the average price was 8275 yuan/ton on July 16th, with a price drop of 2.07% during this period.
Recently, the overall trend of polyethylene is weak, and the quotation continues to decline. Among them, the decline in high-voltage products is significant, with a strong trend in the early stage and a continuous decline in prices recently. The willingness of production enterprises to raise prices is gradually weakening. Part of the maintenance equipment has restarted, and there is an expected increase in the supply side, coupled with an increase in imports. Polyethylene demand is in the off-season, downstream production is low, and market order follow-up is limited; The quotations of production enterprises have declined, and the trading market has followed suit. We are cautious in offering discounts for shipments.
On July 16th, the Dalian Commodity Exchange polyethylene L2409 contract opened at 8370 yuan and closed at 8379 yuan, a decrease of 1 yuan, with a maximum of 8396 yuan and a minimum of 8351 yuan, a decrease of 0.01%. Recently, the polyethylene futures market has been weak and declining, which is bearish for the spot market.
There is an expectation of an increase on the supply side; The demand side is in the off-season, and the trend of polyethylene futures market is weak. Last week, oil prices fluctuated weakly, and under the pressure of multiple negative factors, it is expected that polyethylene may mainly fluctuate weakly.
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