SunSirs: Lack of Effective Benefits, Narrow Adjustment of China PE Market

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

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LLDPE (7042) was 8,446 RMB/ton on October 23, and the average price was 8,466 RMB/ton on October 30, with a price increase of 0.24% during this period.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of LDPE (2426H) was 10,916 RMB/ton on October 23, and the average price was 10,866 RMB/ton on October 30, during which the quotation fell by 0.46%.

According to the monitoring of the commodity market analysis system of SunSirs, the domestic price of HDPE (2426H) was 8,500 RMB/ton on October 23, and the average price was 8,475 RMB/ton on October 30, with a price drop of 0.29% during this period.

As the end of the month approached, polyethylene showed a weak overall trend with narrow adjustments. In order to promote transactions, merchants actively offered discounts and shipped goods. On the supply side, petrochemical companies have reduced maintenance and supply is loose. On the demand side, the downstream demand for agricultural film is in the peak season, but the operating rate is still at a low level during the same period, and the support is insufficient. Crude oil has fluctuated and declined, and cost support has loosened. The market lacks effective positive factors, and it is expected that polyethylene will experience a weak and narrow adjustment.

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

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