According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8438 yuan/ton on October 1st, and the average price on October 30th was 8207 yuan/ton. During this period, the quotation decreased by 2.74%.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) on October 1st was 9612 yuan/ton, and the average price on October 30th was 9262 yuan/ton. During this period, the quotation decreased by 3.64%.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 9087 yuan/ton on October 1st, and the average price on October 30th was 8650 yuan/ton. During this period, the quotation decreased by 4.81%.
In October, the price of polyethylene was mainly weak and downward. The price fell significantly in the first ten days. During the National Day holiday, the international crude oil market fell, and cost support for polyethylene weakened. In order to reduce inventory, the factory prices of petrochemical enterprises have been lowered, and traders have adjusted accordingly. After the holiday, market demand fell short of expectations, and in order to promote transactions, merchants often reduced prices to sell. The shutdown and maintenance of enterprises have decreased, and the supply of polyethylene is expected to increase. The demand for agricultural film is in peak season, and the market procurement is mainly based on hard demand. The demand for packaging film during the E-commerce Festival is expected to be positive.
On October 30th, polyethylene l2401 rose 1.08% to close at 8169. Polyethylene futures have an upward trend, which may boost the spot price of polyethylene.
After November, the peak season for agricultural film will end, and the demand side may come under pressure. It is expected that polyethylene will be slightly adjusted as the main component.
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