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 8721 yuan/ton on November 27th, with a price increase of 2.91% 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 10816 yuan/ton on November 27th, with the quotation remaining unchanged 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 8525 yuan/ton on November 27th, with a price increase of 0.59% during this period.
The overall trend of polyethylene is relatively strong, with linear products continuing to rise. High voltage products showed a significant decline at the beginning of the month, and prices continued to rise thereafter, while low-voltage products saw a slight increase. Factors contributing to the decline in high-pressure products at the beginning of the month: Due to the conversion of some EVA units to LDPE, there is an expected increase in LDPE supply, resulting in a decrease in prices. 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 raised their prices, and traders have followed suit with offers. The demand for agricultural film in November has turned weak from the peak season, while downstream demand for essential replenishment remains limited, resulting in limited new orders and average market transactions. In the second half of the month, crude oil fluctuated strongly and rose, while the cost side boosted the polyethylene market. Recently, prices have fallen, and cost support has weakened. Positive domestic policies have been released, and the market sentiment is good, providing support for the polyethylene market.
On November 27th, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8415 yuan and closed at 8401 yuan, up 8 yuan, with a high of 8434 yuan and a low of 8383 yuan, up 0.10%. The trend of polyethylene futures in November fluctuated strongly, providing some support for the spot market.
The maintenance of the polyethylene plant will be concentrated in November, and with the addition of new production capacity and the restart of parking facilities in December, the supply side is expected to increase; The demand for agricultural film is gradually coming to an end in December, and the downstream operating rate is expected to decrease; In addition, downstream suppliers are more resistant to high priced goods, and it is expected that polyethylene will mainly fluctuate weakly in December.
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