SunSirs: Positive News Boosts China PE Prices

https://www.chemnet.com   Oct 08,2024 SunSirs

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,250 RMB/ton on September 23, and the average price was 8241 RMB/ton on September 27, during which the quotation fell by 0.10%.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,350 RMB/ton on September 23, and the average price was 10466 RMB/ton on September 29, with a price increase of 0.13% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (5000S) was 8,112 RMB/ton on September 23, and the average price was 8125 RMB/ton on September 29, with a price increase of 0.15% during this period.

Recently, the price of polyethylene has increased. The release of macro positive policies has boosted market sentiment and boosted the polyethylene market. On the supply side, in terms of petrochemical inventory, according to data statistics, as of September 29th, the plastic two barrel oil inventory was 670000 tons, an increase of 15000 tons from Friday. The month on month increase was 2.29%, and the year-on-year increase was 19.64%. The company's inventory accumulated, and most traders left before the holiday. There were not many on-site sources of goods, and the main focus was on raising prices. On the demand side, the pre holiday replenishment behavior is gradually slowing down.

The number of maintenance equipment in enterprises has decreased, and the pressure on domestic supply is still high. After the 11th National Day holiday, there may be replenishment activities, and it is expected that polyethylene will have a strong trend.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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