According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8920.00 yuan / ton on November 7 and 8990.00 yuan / ton on November 12. The increase rate in the week was 0.78%, down 2.81% compared with October 1.
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According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11937.50 yuan / ton on November 7 and 12312.50 yuan / ton on November 12. The increase rate in the week was 3.14%, down 5.01% compared with October 1.
According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8833.33 yuan / ton on November 7 and 8833.33 yuan / ton on November 12. The price was stable during the week, down 5.36% compared with September 1.
In November, the trend of domestic polyethylene spot market improved. LLDPE and LDPE in East China fell first and then rose, the overall focus moved upward, HDPE fell first and then stabilized, and the price decreased in a narrow range. In this week, the LDPE market increased significantly. LLDPE also increased slightly driven by the rise of the futures market, and HDPE prices remained stable. This week, most petrochemical enterprises raised the ex factory quotation by about 50-350 yuan / ton, and the cost support was acceptable. The shock rise of Liansu futures market has brought a certain boost to the spot market. In terms of demand, the current greenhouse film is in the peak production season, but the off-season of pipe demand is coming. Overall, the market transaction atmosphere is mild, terminals enter the market on demand, merchants follow the market, and prices rise.
Liansu futures fluctuated upward this week, which gave a certain boost to the spot market. On November 12, the opening price of polyethylene futures 2201 was 8965, the highest price was 9138, the lowest price was 8887, the closing price was 9016, the former settlement price was 8887, the settlement price was 9042, up 129, or 1.45%, the trading volume was 801683, the position was 279321, and the daily position was increased by 26185. (quotation unit: yuan / ton)
At present, the overall transaction in the market is mild, and there is no obvious pressure on the manufacturer’s inventory. Driven by the tight supply of high-pressure varieties, the prices in some regions have increased. On the whole, the trend of the three PE spot varieties has improved. In addition, the shock rise of Liansu futures market has brought a certain boost to the spot market. PE spot market is expected to be dominated by short-term or narrow range shocks.
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