According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8258 yuan/ton on October 1st, and the average price was 8463 yuan/ton on October 15th, with a price increase of 2.48% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10500 yuan/ton on October 1st, and the average price was 11150 yuan/ton on October 15th, with a price increase of 6.19% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8125 yuan/ton on October 1st, and the average price was 8487 yuan/ton on October 15th, with a price increase of 4.46% during this period.
After the National Day holiday, the price of polyethylene showed a strong trend. During the National Day holiday, due to the tense situation in the Middle East, the crude oil market rose. After the holiday, the polyethylene market was boosted by positive news, and prices increased significantly. On the supply side, there has been an increase in maintenance equipment for enterprises, but there has been a reduction in the supply side. On the demand side, the demand for agricultural film in October has entered the peak season, and downstream enterprises have increased their operating load, gradually accumulating orders. Multiple favorable factors support the upward adjustment of the polyethylene market.
On October 16th, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8180 yuan and closed at 8200 yuan, a decrease of 45 yuan, with a maximum of 8238 yuan and a minimum of 8180 yuan, a decrease of 0.55%.
Recently, international oil prices have been continuously falling, and there is insufficient cost support; The demand side is in the peak season, which provides support for the polyethylene market; The frequent emergence of macro policies is favorable for the polyethylene market. The price of polyethylene continues to rise, and the market has slowed down the transaction of high priced goods. It is expected that polyethylene will continue to have a strong trend, but the upward space is limited.
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