According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7583 yuan/ton on May 19th and 7496 yuan/ton on May 26th, a decrease of 1.14% during this period. LDPE (2426H) had an average price of 9316 yuan/ton on May 19th and 9216 yuan/ton on May 26th, a decrease of 1.07% during this period. HDPE (2426H) had an average price of 8142 yuan/ton on May 19th and 8130 yuan/ton on May 26th, a decrease of 0.15% during this period.
Recently, the polyethylene market has declined. The cost side of crude oil has been fluctuating recently, with loose support on the cost side. The supply side has sufficient spot goods, but the boost is limited. Agricultural film is in a low season of demand, with insufficient follow-up on new orders. Petrochemical companies and traders continue to offer discounts to promote transactions, resulting in low downstream enthusiasm for receiving goods. There is no positive news guidance on site, and the mentality is bearish. In the short term, it is expected that polyethylene will continue to show a weak trend.
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