According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8064 yuan/ton on July 7th, and the average price on July 14th was 8157 yuan/ton. During this period, the quotation increased by 1.15%.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) on July 7th was 8687 yuan/ton, and the average price on July 14th was 8850 yuan/ton, with an increase of 1.87% during the period.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 9137 yuan/ton on July 7th, and the average price on July 14th was 9250 yuan/ton. During this period, the quotation increased by 1.23%.
This week, polyethylene prices continued the upward trend of last week. In terms of cost, crude oil rose in the short term, supporting the rise in polyethylene prices. In terms of supply, there were many parking, maintenance, and decoration projects in China in July. This week, the supply side slightly decreased compared to last week, with petrochemical factories mainly increasing. In terms of demand, July is in the off-season of demand, and downstream purchases are mainly on demand.
This week’s macro sentiment is good, providing some support for the polyethylene market. There is room for an increase in international oil prices next week, and there is little change in the supply side of polyethylene. It is expected that polyethylene will mainly rise in a narrow range.
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