According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) on February 5th was 6915 yuan/ton, and on February 10th it was 6790 yuan/ton, a decrease of 1.81%. LDPE (2426H) had an average price of 8916 yuan/ton on February 5th and 8733 yuan/ton on February 10th, a decrease of 2.06%. The average price of HDPE (5000S) on February 5th was 7392 yuan/ton, and on February 10th it was 7375 yuan/ton, a decrease of 0.24%.
| Gamma-PGA (gamma polyglutamic acid) |
Recently, polyethylene has shown an overall trend of weak volatility and light pre holiday trading.
Supply side: There are still a large number of new facilities planned to be put into operation in 2026, and the pattern of oversupply in the medium and long term is difficult to change.
Demand side: Seasonal off-season with light trading volume. As the Spring Festival approaches, downstream factories are gradually shutting down for holidays, with a particularly significant decline in the operating rates of agricultural film and packaging film. Logistics are gradually being shut down, and pre holiday purchases have basically ended. The market is dominated by rigid demand, with light new orders.
On the cost side: Crude oil is fluctuating and the support is unstable.
In the short term, weak demand dominates, and cost and geopolitical factors provide disturbances, leading to a narrow range of fluctuations in polyethylene.
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