According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LLDPE (7042) was 8257 yuan/ton on January 31, and the average price on February 7 was 8188 yuan/ton, with a price drop of 0.83% during the period.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 9192 yuan/ton on January 31, and the average price on February 7 was 9245 yuan/ton, with a price increase of 0.57% during the period.
According to the monitoring of the commodity market analysis system of Business Society, the domestic price of HDPE (5000S) was 8437 yuan/ton on January 31, and the average price on February 6 was 8412 yuan/ton, with a 0.3% decrease in quotation during this period.
This week, the LLDPE market experienced a narrow and weak decline, with LDPE prices remaining stable after a slight increase, and HDPE prices remaining stable after a slight decline. The cost side provides certain support for polyethylene. Domestic polyethylene enterprises have relatively few maintenance equipment, and the supply is still sufficient; As the Spring Festival holiday approaches, downstream factories are gradually taking a break, and the operating rate has decreased compared to the previous period. Market demand has weakened, transactions are limited, and the demand side lacks support for polyethylene. There are signs of inventory accumulation in enterprises before the holiday, and there is a weakening trend in on-site quotations. Traders mainly focus on volume and profit.
On February 7th, the opening price of the polyethylene l2405 contract on the Dalian Commodity Exchange was 8145 yuan, and the closing price was 8220 yuan, up 122 yuan, with a maximum of 8231 yuan and a minimum of 8124 yuan, up 1.51%. This week, the trend of polyethylene futures was weak, bearish on the spot market.
After the Spring Festival, due to the accumulation of inventory in enterprises during the holiday period, demand remains weak, resulting in weak supply and demand for polyethylene; The frequent introduction of favorable policy news in the domestic market has boosted market confidence and provided certain support to the polyethylene market. It is expected that polyethylene will mainly adjust its operation in a narrow range after the holiday.
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