According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8011 yuan/ton on March 31 and 8008 yuan/ton on April 3, a decrease of 0.04% during this period. The average price of LDPE (2426H) was 9633 yuan/ton on March 31st and 9633 yuan/ton on April 3rd, during which the quotation remained stable. HDPE (2426H) had an average price of 8387 yuan/ton on March 31 and 8337 yuan/ton on April 3, a decrease of 0.60% during this period.
Recently, polyethylene has undergone a narrow and weak adjustment. Market supply pressure remains, with expectations of an increase. Downstream demand fell short of expectations, with limited demand and lack of confidence in the market. Prices were mainly based on small discounts for shipments, and end-users were resistant to high priced goods. Recently, international oil prices have been relatively strong, with some support on the cost side, but there are insufficient favorable factors, and it is expected that polyethylene will continue to be weak.
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