According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8841 yuan/ton on December 20th, and the average price was 8881 yuan/ton on December 26th, with a price increase of 0.45% during this period. LDPE (2426H) decreased by 0.47% during this period. HDPE (2426H) increased by 0.29% during this period.
Recently, polyethylene has shown mixed ups and downs. Linear products remain strong, while low-voltage products fluctuate slightly and rise slightly, while high-voltage products decline. The supply of high-voltage products has increased, but the price trend is weak; The supply of linear products is tight, and the supply pressure is high, resulting in a strong upward trend in prices. The planned production of facilities in 2024 is generally delayed. The downstream industry of polyethylene has entered the off-season, with limited demand support. The narrow range consolidation of crude oil prices, overall, indicates weak oil and commodity prices, which is bearish for the polyethylene market.
On December 26th, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8437 yuan and closed at 8463 yuan, up 19 yuan, with a high of 8466 yuan and a low of 8422 yuan, up 0.23%.
The production capacity of new facilities is gradually increasing, there are fewer planned maintenance facilities, the previously shut down facilities are gradually being restarted, and coupled with the gradual arrival of imported goods at the port, there are expectations of an increase in the supply side; Downstream demand continues to weaken, with rigid procurement being the main focus; The cost side crude oil support is limited, and it is expected that polyethylene will mainly fluctuate weakly in the short term, but the linear product trend is relatively strong.
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