Poor demand, weak price trend of polyethylene

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LLDPE (7042) was 8622 yuan/ton on July 1st, and the average price on July 8th was 8591 yuan/ton, with a price drop of 0.36% during the period.

 

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 10650 yuan/ton on July 1st, and the average price on July 8th was 10537 yuan/ton, with a price drop of 1.06% during the period.

 

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of HDPE (5000S) was 8595 yuan/ton on July 1st, and the average price on July 8th was 8450 yuan/ton, with a price drop of 1.69% during the period.

 

Recently, the trend of polyethylene has been weak. Linear products have a narrow decline, while high-pressure and low-pressure products have a clear downward trend. The high volatility of oil prices provides support for polyethylene. The early maintenance equipment has been restarted one after another, and there are expectations of an increase in supply. In addition, imported HDPE is expected to increase in June. The demand for polyethylene is in the off-season, and there is insufficient follow-up on new orders. Downstream rigid demand procurement requires manufacturers and traders to offer discounts to promote transactions. Downstream resistance to high prices, limited market transactions, coupled with the low demand season for agricultural film, it is expected that polyethylene will experience weak fluctuations in the short term, with limited downward space.

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