According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7346 yuan/ton on June 9th and 7471 yuan/ton on June 17th, an increase of 1.70%. LDPE (2426H) had an average price of 9216 yuan/ton on June 9th and 9683 yuan/ton on June 17th, an increase of 5.06%. HDPE (2426H) had an average price of 8037 yuan/ton on June 9th and 8075 yuan/ton on June 17th, an increase of 0.47%.
The recent trend of polyethylene market is relatively strong, with a relatively large increase in high-pressure prices. Affected by the tense situation in the Middle East, international oil prices have risen, and the cost side is favorable for the rise in the polyethylene market. Petrochemical companies and traders have adjusted their prices accordingly. Especially for high-pressure products, the dependence on imports is high, and the market is concerned that the supply may be insufficient; At the same time, there are many high-pressure product equipment shutdowns for maintenance, including Yanshan Petrochemical, Wanhua Chemical, and Zhejiang Petrochemical. The demand for agricultural film is in the off-season, with few orders from enterprises, poor demand, and limited transactions; The operating rate of packaging film enterprises is expected to decrease, and demand is weak, which limits the price increase space on the demand side.
Due to the expected decrease in costs and supply side, but the demand side is in the off-season, and it is expected that the trend of polyethylene will be mainly strong, with limited upward space.
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