According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7441 yuan/ton on August 11th and 7448 yuan/ton on August 18th, an increase of 0.09%. LDPE (2426H) had an average price of 9533 yuan/ton on August 11th and 9633 yuan/ton on August 18th, an increase of 1.05%. HDPE (2426H) had an average price of 7987 yuan/ton on August 11th and 8012 yuan/ton on August 18th, an increase of 0.31%.
Recently, polyethylene has been mainly operating in a narrow and strong range. On the supply side, there has been an increase in device maintenance, which has eased the supply pressure to some extent. On the demand side, downstream factories have increased their intention to replenish inventory, and the peak season of “Golden September and Silver October” is gradually approaching, with positive expectations on the demand side. On the cost side, the geopolitical situation is expected to further ease, coupled with the International Energy Agency’s downward adjustment of global demand growth forecasts and the decline in international oil prices, the cost side support is weak. The favorable domestic policies provide certain support for the polyethylene market.
Positive news is expected to boost, with polyethylene showing a narrow but strong trend.
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