According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8475 yuan/ton on November 1st, and the average price was 8541 yuan/ton on November 7th, with a price increase of 0.79% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10816 yuan/ton on November 1st, and the average price was 10733 yuan/ton on November 7th, with a price drop of 0.77% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8475 yuan/ton on November 1st, and the average price was 8500 yuan/ton on November 7th, with a price increase of 0.29% during this period.
Starting from November, the prices of polyethylene products have fluctuated, with slight increases in linear and low-pressure product prices, and a weak trend in high-pressure product prices. Positive domestic policies have been released, and there is a positive sentiment within the market. We are exploring ways to push up prices, which has supported the polyethylene market. The supply pressure of LDPE is expected to increase, and due to the conversion of some EVA units to LDPE, the LDPE market trend is relatively weak. The reduction of domestic maintenance facilities in November and December, coupled with the gradual production of new capacity, has led to an increase in supply expectations, limiting the upward space for polyethylene. The peak season for agricultural film is coming to an end, and the increase in orders is gradually slowing down, with demand lower than the same period.
On November 7th, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8187 yuan and closed at 8270 yuan, up 56 yuan, with a high of 8285 yuan and a low of 8138 yuan, up 0.68%. Recently, the trend of polyethylene futures has been strong, supporting the spot market.
Expected increase in supply; In November, the demand for agricultural film and pipe materials gradually weakened, while the demand for packaging film was relatively good. It is expected that polyethylene will mainly fluctuate and weaken.
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