October 17, 2023
According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,438 RMB/ton on October 1, and the average price on October 13 was 8,238 RMB/ton. During this period, the quotation fell by 2.37%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) was 9,612 RMB/ton on October 1st, and 9,437 RMB/ton on October 13th. During this period, the quotation decreased by 1.82%.
According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 9,087 RMB/ton on October 1st, and 8,800 RMB/ton on October 13th. During this period, the quotation decreased by 3.16%.
After the holiday, the price of polyethylene showed a downward trend. During holidays, the international crude oil market fell, and cost support for polyethylene weakened. In order to reduce inventory, the factory prices of petrochemical enterprises have been lowered, and traders have adjusted accordingly. After the holiday, market demand fell short of expectations, and market procurement was cautious, with more profits being offered to promote transactions. Among them, during the off-season of aquaculture net production, there was insufficient follow-up on orders.
On October 13th, polyethylene l2401 rose 0.07% and closed at 8,021 RMB/ton. After the National Day holiday, the overall trend of polyethylene futures market is weak.
Downstream factories have limited replenishment after the holiday. But during the peak season of demand for greenhouse films, the demand is relatively stable; After the continuous decline in the polyethylene market after the holiday, it is expected that polyethylene may be mainly subject to fluctuations and adjustments.
