According to the monitoring of the commodity market analysis system of Business Society, the domestic price of LLDPE (7042) was 8474 yuan/ton on May 13, and the average price on May 17 was 8507 yuan/ton, with a price increase of 0.38% during the period.
According to the monitoring of the commodity market analysis system of Shengyishe, the domestic price of LDPE (2426H) was 9800 yuan/ton on May 13th, and the average price on May 17th was 9800 yuan/ton. During this period, the quotation remained stable.
According to the monitoring of the commodity market analysis system of Business Society, the domestic price of HDPE (5000S) was 8637 yuan/ton on May 13th, and the average price on May 17th was 8657 yuan/ton, with a 0.23% increase in quotation during this period.
The polyethylene quotation has slightly increased this week. In terms of supply, maintenance and renovation have resumed in early May, but some companies are still in the maintenance period. Due to a supply gap in some sources, petrochemical companies have slightly increased their factory quotations; Some companies have a strong willingness to raise prices. On the demand side, according to data statistics, as of the week ending May 16th, the operating rate of downstream polyethylene enterprises has decreased by 0.28% compared to the previous week. Among them, the agricultural film industry has entered the off-season of production, with a significant decrease in operating rate and slow follow-up of orders. Downstream rigid demand procurement is the main focus, which has insufficient support for polyethylene; There is still support for the high consolidation of crude oil costs.
On May 17th, the polyethylene l2409 contract on the Dalian Commodity Exchange was opened at 8490 yuan and closed at 8635 yuan, up 162 yuan, with a maximum of 8635 yuan and a minimum of 8490 yuan, up 1.91%. Recently, polyethylene futures have fluctuated and risen, supporting the spot market to some extent.
The maintenance of enterprises in May is still in a centralized maintenance period, and there may still be favorable support on the supply side. On the demand side, agricultural film is in the off-season, and there is an expectation of a decrease in the operating rate of packaging film. It is expected that the upward space for polyethylene is limited, and it may mainly consolidate at a high level.
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