According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7428 yuan/ton on May 12th and 7566 yuan/ton on May 16th, with a rise of 1.86% during this period. LDPE (2426H) had an average price of 9116 yuan/ton on May 12th and 9350 yuan/ton on May 16th, with a 2.56% increase during this period. HDPE (2426H) had an average price of 8112 yuan/ton on May 12th and 8137 yuan/ton on May 16th, with a 0.31% increase during this period.
This week (5.12-5.16), the polyethylene market rebounded. The favorable tariff policies between China and the United States have led to an increase in cost side oil prices, which is favorable for the rebound of the polyethylene market. The maintenance of the supply side equipment has eased the supply pressure on site, and the inventory of rising petrochemical enterprises and intermediaries has been reduced. Agricultural film is in the off-season of demand, and the operating rate has declined compared to the previous period, with insufficient support from the demand side. In terms of exports, some enterprises have seen an improvement in their export orders. As the weekend approaches, the rise in polyethylene prices has weakened, and the willingness of end-users to accept high priced goods has decreased, resulting in a slowdown in transactions. The market is mainly digesting the previous gains. The supply and demand of polyethylene face limited market support. Macro environment preference, polyethylene is expected to have a strong trend in the short term.
| http://www.sulfamic-acid.com |