October 10, 2022
According to the data monitoring of SunSirs, the domestic price of LLDPE (7042) was 7,980.00 RMB/ ton on September 1, and the average price was 8,368.57 RMB/ ton on September 30. The monthly increase was 4.87%, 2.99% higher than that on August 1.
According to the data monitoring of SunSirs, the average ex factory price of LDPE (2426H) was 9,516.67 RMB/ ton on September 1, and 9,980.00 RMB/ ton on September 30. The monthly increase was 4.87%, down 0.70% compared with August 1.
According to the data monitoring of SunSirs, the average ex factory price of HDPE (5000S) was 8,500 RMB/ ton on September 1, and 8,416.67 RMB/ ton on September 30. The monthly drop was 0.98%, 3.81% lower than that on August 1.
In September, the trend of domestic polyethylene spot market was relatively firm, the focus of LLDPE and LDPE moved up, and HDPE declined, but the range was small. On the whole, the trend of the three major varieties in the first half of the month was strong, while that in the second half was weak. In the first half of the month, although the international crude oil price was weak in the week, the rise in cost of ethylene and coal gave the market some support. In addition, under the background of the peak season, the operating rate of agricultural film increased. Market trading increased around the Mid Autumn Festival. Petrochemical enterprises have raised the factory price, and the operators have a good mentality. In the second half of the month, the decline of the international crude oil market deepened and the market mentality was negative. Although the order volume of downstream factories has increased, it is still dominated by rigid demand, and the supply is relatively abundant. The polyethylene market is not good enough, and the price has weakened to varying degrees.
In terms of raw materials, the trend of international crude oil is weak, and the support from the cost side is not obvious. In terms of supply, the output of polyethylene increased in September, and the market supply is sufficient. However, in terms of demand, the terminal demand was expected to increase in October, and the market mentality was good. At the end of the month, the ex factory price of LLDPE Petrochemical increased significantly. It is expected that China PE spot market may still rise in the future.