According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7383 yuan/ton on July 21 and 7450 yuan/ton on July 25, an increase of 0.90%. LDPE (2426H) had an average price of 9383 yuan/ton on July 21st and 9466 yuan/ton on July 25th, an increase of 0.89%. HDPE (2426H) had an average price of 7957 yuan/ton on July 21st and 7975 yuan/ton on July 25th, an increase of 0.22%.
Recently, polyethylene has seen a narrow upward trend. Boosted by favorable macroeconomic policies, polyethylene prices are tentatively rising. In terms of equipment maintenance: According to data statistics, during the period from July 18th to 24th, the polyethylene equipment suffered a maintenance loss of approximately 112000 tons, a decrease of 4900 tons compared to the same period last week. The supply side is abundant. Agricultural film is in the off-season of demand, with poor market order follow-up and low operating rates; The operating rate of the packaging film industry has declined compared to the previous period, and the demand side is suppressing the polyethylene market. The crude oil on the cost side oscillates and lacks support for polyethylene.
Supported by macro policies, the mentality in the market has improved somewhat; But the demand side is not following up smoothly, and it is expected that polyethylene will be mainly adjusted in a narrow range, with limited upward space.
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