According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7240 yuan/ton on October 1st and 7145 yuan/ton on October 13th, a decrease of 1.31%. LDPE (2426H) had an average price of 9596 yuan/ton on October 1st and 9500 yuan/ton on October 13th, a decrease of 1.01%. HDPE (2426H) had an average price of 7912 yuan/ton on October 1st and 7825 yuan/ton on October 13th, a decrease of 1.11%.
Polyethylene showed a weak downward trend after the holiday. Last Friday, WTI crude oil plummeted and cost support loosened, suppressing the polyethylene spot market. After the holiday, inventory has accumulated, and the recent increase in imported resources to ports still puts pressure on the supply side. After the holiday, agricultural film is in the peak season, and orders are gradually accumulating. However, demand is lower than the same period in previous years, and downstream orders mainly maintain the need to replenish inventory. The macro lacks favorable conditions, the market mentality is bearish, and businesses are actively offering discounts for shipments, resulting in a decline in the polyethylene market.
In the fourth quarter, new polyethylene plants were put into operation one after another. In terms of plant maintenance, the maintenance plan has been reduced compared to the previous period, and the supply pressure of polyethylene is relatively high. There is an expectation of an increase in demand, but the demand growth is not as strong as the supply, and polyethylene may mainly experience weak fluctuations.
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