SunSirs: China PE Prices Fluctuated in June

https://www.chemnet.com   Jul 01,2024 SunSirs

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,655 RMB/ton on June 1st, and the average price on June 27th was 8,620 RMB/ton, with a price drop of 0.41% during the period.

According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LDPE (2426H) was 9,937 RMB/ton on June 1st, and the average price on June 27th was 10,725 RMB/ton, with a price increase of 7.92% during the period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8787 RMB/ton on June 1st, and the average price on June 27th was 8,645 RMB/ton. During this period, the quoted price decreased by 1.62%.

The price trend of polyethylene in June is different. LDPE products continue to rise with a stronger trend, while LLDPE and HDPE show weaker performance. LDPE products are affected by the maintenance of some domestic devices and supported by a shortage of imported goods, resulting in a continuous increase in the quotation of high-voltage products. The Zhongtian Hechuang LDPE device has entered a major overhaul and will be shut down from June 15th to July 31st; The LDPE unit of Qilu Petrochemical is still shut down. At the same time, the expected increase in imported high-pressure products is not significant. LLDPE and HDPE prices have fluctuated weakly, with downstream polyethylene in a low demand season and downstream users operating at a low level. Merchants have offered small discounts on shipments. On the cost side, international crude oil supports polyethylene. In July, the maintenance equipment was gradually restarted, but there are still plans to shut down the equipment; The demand is in the off-season, with downstream rigid demand being the main focus, and it is expected that the overall polyethylene will fluctuate at high levels.

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