According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8008 yuan/ton on April 4th and 7788 yuan/ton on April 10th, a decrease of 2.75% during this period. LDPE (2426H) had an average price of 9633 yuan/ton on April 4th and 9333 yuan/ton on April 10th, a decrease of 3.11% during this period. HDPE (2426H) had an average price of 8337 yuan/ton on April 4th and 8260 yuan/ton on April 10th, a decrease of 0.93% during this period.
Recently, the price of polyethylene has been continuously declining. Crude oil prices are falling, and macroeconomic factors are weak, which is bearish for the polyethylene market. The supply side is abundant, and the peak season for plastic film demand is coming to an end. The demand for greenhouse film in spring is light, and the overall downstream demand is limited. The on-site mentality is cautious and bearish, and manufacturers and traders mainly offer discounts for shipments, resulting in a continuous decline in quotes. Negative factors are suppressing, and it is expected that polyethylene will be mainly weak.
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