According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7005 yuan/ton on November 17th, and the average price was 6990 yuan/ton on November 21st, a decrease of 0.21%. LDPE (2426H) had an average price of 9100 yuan/ton on November 17th and 9033 yuan/ton on November 21st, a decrease of 0.73%. The average price of HDPE (2426H) on November 17th was 7532 yuan/ton, and on November 21st it was 7457 yuan/ton, a decrease of 1.00%.
This week, polyethylene continues to show a weak trend, and the market lacks positive support. The maintenance of the equipment has decreased compared to the early stage, and new equipment has been put into operation. In addition, with the increase of imported goods in the long term, the supply pressure has increased. In terms of greenhouse film, demand has slowed down compared to the previous period; In terms of plastic film, demand is in the off-season; Downstream procurement of packaging film is flat, with a focus on essential needs; Insufficient follow-up of new orders by wire drawing enterprises, resulting in weak production; The overall downstream delivery of polyethylene is cautious, with weak demand. The wide fluctuations in crude oil prices have limited impact on the polyethylene market.
The market lacks positive support, and the sentiment in the market is bearish. It is expected that polyethylene will mainly operate weakly.
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