According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8350 yuan/ton on May 1, and the average price on May 30 was 8014 yuan/ton, with a decrease of 4.02% during the period.
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According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) was 8725 yuan/ton on May 1st, and 8107 yuan/ton on May 30th, with a decrease of 7.08% during the period.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 9090 yuan/ton on May 1st, and the average price on May 30th was 8937 yuan/ton, with a decrease of 1.68% during the period.
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The focus of polyethylene quotation in May continues to shift downwards. In May, petrochemical companies continuously lowered their prices, and traders had a poor mentality, leading them to lower their prices. There are many polyethylene parking inspections in China, and the supply pressure has been alleviated. Agricultural film is in the off-season of demand, with an increase in shutdown and maintenance devices. Although some factories are buying at low prices, the market demand boost is limited. In terms of pipes, the operating rate of enterprises has shown a downward trend, and market transactions are not good.
The second quarter is a concentrated period for device maintenance, and the domestic polyethylene supply pressure has eased. However, agricultural film is in the traditional off-season, with the focus of spot prices constantly shifting downwards and the demand side taking the lead. It is expected that polyethylene may be mainly reduced in a weak position.
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