According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8037 yuan/ton on June 16th and 8117 yuan/ton on June 20th, an increase of 1.00%. LDPE (2426H) had an average price of 9516 yuan/ton on June 16th and 9933 yuan/ton on June 20th, an increase of 4.38%. HDPE (2426H) had an average price of 7438 yuan/ton on June 16th and 7556 yuan/ton on June 20th, an increase of 1.59%.
Recently, the trend of polyethylene market continues to be strong, with a significant increase in high-pressure prices. Affected by the intensified international geopolitical situation, crude oil prices have strengthened, providing strong support for the polyethylene market on the cost side. In addition, the maintenance of high-voltage product equipment is relatively concentrated, and the supply side is tight, which has led to a significant increase in the price of high-voltage products. Production enterprises and traders have raised their quotations one after another. The demand for agricultural film is in the off-season, with few orders from enterprises, poor demand, and limited transactions; The operating rate of downstream pipe products has declined compared to the previous period. The overall downstream demand for polyethylene is relatively weak, limiting the room for price increases.
Affected by the strong cost of crude oil, but the demand for polyethylene is in the off-season, and the expected upward space is limited.
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