According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8636 yuan/ton on November 14th, and the average price was 8700 yuan/ton on November 21st, with a price increase of 0.73% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10733 yuan/ton on November 14th, and the average price was 10816 yuan/ton on November 21st, with a price increase of 0.78% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8500 yuan/ton on November 14th, and the average price was 8500 yuan/ton on November 21st, during which the quotation was temporarily stable.
Recently, the trend of polyethylene has been strong, with LLDPE and LDPE showing significant increases, and HDPE prices remaining firm. On the supply side, the maintenance of enterprise equipment is relatively concentrated, and the supply of goods is tight, which is favorable for the polyethylene market. Petrochemical companies have slightly increased their quotations, and traders have followed suit with offers. The demand for agricultural film in November has weakened from the peak season, with some factories operating at a lower rate compared to the previous period. Downstream demand for essential supplies has been maintained, with limited new orders and average market transactions. The favorable policies have boosted the plastic market, and the market mentality is relatively strong.
On November 21st, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8475 yuan and closed at 8445 yuan, up 38 yuan, with a maximum of 8502 yuan and a minimum of 8417 yuan, up 0.45%. The recent strong trend of polyethylene futures has boosted the spot market.
The maintenance of the equipment will be concentrated in November, and new production capacity will be put into operation in December, with an expected increase in the supply side; The demand for greenhouse film is gradually coming to an end; Downstream consumers are more resistant to high priced goods sources, limiting the upward potential. It is expected that the upward potential of polyethylene will be limited in the short term.
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