According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LLDPE (7042) was 8100 yuan/ton on December 4th, and the average price on December 8th was 8090 yuan/ton, with a decrease of 0.12% in the quotation during this period.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 9125 yuan/ton on December 4th, and the average price on December 8th was 9107 yuan/ton, during which the quotation fell by 0.19%.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of HDPE (5000S) was 8550 yuan/ton on December 4th, and the average price on December 8th was 8550 yuan/ton. During this period, the quotation remained stable.
This week, the polyethylene market saw a narrow adjustment in operation. On the cost side, international crude oil has declined, and the support for polyethylene on the cost side has weakened. The maintenance equipment of petrochemical enterprises has decreased compared to the previous period, and the supply of polyethylene is still sufficient. In addition, there is an expectation of an increase in imported goods. Agricultural film and pipe materials are in the off-season of demand, with limited new orders for packaging film, and a poor transaction atmosphere. Downstream purchases are mainly based on low demand, and procurement is relatively cautious. Traders adjust their offers and have a strong willingness to sell at a discounted price. As the weekend approaches, market sentiment rebounds and there is a slight upward trend in quotations, but there is limited room for upward adjustment.
On December 8th, the opening price of the polyethylene l2401 contract on the Dalian Commodity Exchange was 7960 yuan, the closing price was 8057 yuan, an increase of 102 yuan, the highest was 8074 yuan, the lowest was 7940 yuan, an increase of 1.28%.
The polyethylene market is oversupplied with flat demand, and it is expected that polyethylene may fluctuate weakly.
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