According to data monitoring by Business News Agency, the domestic price of LLDPE (7042) on March 20 was 8301 yuan/ton, and the average price on March 24 was 8237 yuan/ton. During the period, the decline was 0.77%, down 1.23% compared to March 1.
According to data monitoring by Business News Agency, the average ex-factory price of LDPE (2426H) on March 20 was 8966 yuan/ton, and the average price on March 24 was 8925 yuan/ton. During the period, the decline was 0.46%, down 1.60% from the quotation on March 1.
According to data monitoring by Business News Agency, the average ex-factory price of HDPE (5000S) was 8600 yuan/ton on March 20, and the average price on March 24 was 8600 yuan/ton. During the period, the quotation was flat, up 0.78% compared to March 1.
Polyethylene narrow range adjustment this week. LLDPE and LDPE quotations declined slightly, while HDPE quotations remained stable. On the cost side, the international crude oil price fell, which was negative for the domestic polyethylene market. On the supply side, the inventory of production enterprises declined on a month-on-month basis during the week, but supply pressure remained. Downstream demand, plastic film demand is in peak season, with many orders; Demand for greenhouse film is weak, and the increase in new orders is limited. Downstream procurement is mainly on demand, with little support.
Next week, Daqing Petrochemical, Yangzi Petrochemical, and Dushanzi Petrochemical plants will be shut down, and the new production capacity will continue to be put into operation; Downstream procurement is mainly on demand, with little support. Polyethylene analysts at the Business Club predict that polyethylene may be mainly adjusted in a narrow range.
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