According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8246 yuan/ton on September 17, and the average price was 8233 yuan/ton on September 24, during which the quotation fell by 0.16%.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10350 yuan/ton on September 17, and the average price was 10400 yuan/ton on September 24, with a price increase of 0.48% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8187 yuan/ton on September 17, and the average price was 8125 yuan/ton on September 24, during which the quotation fell by 0.76%.
Recently, the narrow adjustment of polyethylene prices has been the main focus. The cost side support has loosened, and the boost to the polyethylene market is limited. On the supply side, petrochemical inventory has increased. According to data statistics, as of September 23, the plastic two barrel oil storage had 810000 tons, an increase of 35000 tons from last week, a month on month increase of 4.52%, and a year-on-year increase of 40.87%. On the demand side, downstream agricultural film is in the peak season of demand, with continuous increase in operating rates and slow follow-up of greenhouse film orders. However, overall demand is lower than in previous years, with limited support and limited room for growth. Most traders offer discounts for shipments, and downstream transactions are easier with lower prices.
On September 24th, the Dalian Commodity Exchange polyethylene L2501 contract opened at 7844 yuan and closed at 7969 yuan, up 95 yuan, with a high of 7978 yuan and a low of 7834 yuan, up 1.21%. Recently, the polyethylene futures market has fluctuated weakly, providing insufficient support for the spot market.
At the end of the month, enterprises actively destocked and exerted pressure on price increases; As the holiday approaches, downstream demand is expected to increase, and it is expected that the space for polyethylene to rise will be limited, with narrow range operation being the main focus.
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