According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7433 yuan/ton on August 20th and 7451 yuan/ton on August 27th, an increase of 0.25%. LDPE (2426H) had an average price of 9616 yuan/ton on August 20th and 9633 yuan/ton on August 27th, an increase of 0.17%. On August 20th, the average price of HDPE (2426H) was 8000 yuan/ton, and on August 27th, the average price was 8000 yuan/ton, with the quotation remaining unchanged.
Recently, the polyethylene market has been mainly operating in a narrow range, with limited upward potential. On the supply side, as the end of the month approaches, spot resources will decrease and pre-sales will increase. On the demand side, it is transitioning from the off-season to the peak season, and the demand has improved. The operating rate of the agricultural film industry has rebounded, but after the market rebound, the follow-up of transactions is cautious, limiting the upward space of prices. On the cost side, international crude oil futures closed down on August 26th, with loose support on the cost side. The policy provides certain support for the bottom of polyethylene.
Short term supply pressure has eased to some extent; September is about to enter the peak demand season; Domestic policy support; Cost support is loose, and it is expected that polyethylene will mainly experience strong fluctuations.
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