According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8478 yuan/ton on July 18th, and the average price was 8411 yuan/ton on July 25th, with a price drop of 0.79% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10137 yuan/ton on July 18th, and the average price was 10037 yuan/ton on July 25th, with a price drop of 0.99% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8275 yuan/ton on July 18th, and the average price was 8175 yuan/ton on July 25th, with a price drop of 1.21% during this period.
The trend of polyethylene continued to decline this week. International crude oil prices have fallen, and the cost side is bearish on the polyethylene market. With the restart of some polyethylene maintenance units, there are still expectations of an increase in the supply side. The operating rate of downstream product industry has decreased, and demand is in the traditional off-season, with limited market order follow-up. The market mentality is bearish, the trading atmosphere on the market is not good, the quotes of production enterprises are loose, traders are following the trend and lowering prices, and the main focus is on offering discounts for shipments.
On July 26th, the polyethylene L2409 contract on the Dalian Commodity Exchange opened at 8288 yuan and closed at 8291 yuan, a decrease of 4 yuan, with a maximum of 8320 yuan and a minimum of 8274 yuan, a decrease of 0.05%. This week, the polyethylene futures market fell weakly, which is bearish for the spot market.
There is an expectation of an increase on the supply side; Agricultural film is in the off-season of demand, with low factory start-up rates and low load operation; The demand for low voltage brushed products is average, and there is insufficient follow-up on new orders; The trend of polyethylene futures market is weak; There is currently no positive support, and it is expected that polyethylene will continue to operate weakly.
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