China PE Spot Market Fluctuated little in Early August

August 11, 2022

Latest company news about China PE Spot Market Fluctuated little in Early August

According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 8,125.71 RMB/ ton on August 1, and the average price was 8,097.14 RMB/ ton on August 5. The decline rate in the week was 0.35%, down 6.75% compared with July 1.

According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426H) on August 1 was 10,050.00 RMB/ ton, and the average price on August 5 was 101,16.67 RMB/ ton, with an increase of 0.66% in the week and a decrease of 7.47% compared with July 1.

According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) was 8,750 RMB/ ton on August 1 and 8,750 RMB/ ton on August 5. The price remained stable during the week, down 7.08% compared with July 1.

In the first week of August, the domestic polyethylene market remained stable on the whole, and the three spot varieties fluctuated in a narrow range, rising and falling, with a range of 50-250 RMB/ ton. LLDPE decreased slightly, LDPE increased slightly and HDPE remained stable. During the week, the international crude oil market was mainly downward, and the cost brought insufficient support to the market. At present, the market supply is relatively sufficient, but the demand is weak. The downstream is mainly based on demand purchase, and the market transaction is limited. During the week, the number of maintenance devices increased and the supply decreased slightly, which brought relative benefits to the market.

At present, the international crude oil market is weak, and the cost is not good enough. In the later stage, the market supply is expected to increase, and there is no obvious improvement in the downstream demand in the short term. The downstream mainly focuses on just needed procurement, and the market benefits are limited. It is expected that there will still be resistance to the upward trend of the PE spot market in China in the short term.

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