According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 6645 yuan/ton on December 16th, and 6430 yuan/ton on December 23rd, a decrease of 3.24%. The average price of LDPE (2426H) on December 16th was 8633 yuan/ton, and on December 23rd it was 8433 yuan/ton, a decrease of 2.32%. HDPE (2426H) had an average price of 7130 yuan/ton on December 16th and 6900 yuan/ton on December 23rd, a decrease of 3.23%.
Recently, the center of gravity of polyethylene has continued to shift downwards. Manufacturers’ willingness to ship has increased, with a focus on active pre-sales and maintaining a low inventory mentality. Affected by profit pressure, the upstream operating rate has been adjusted. The demand side is in the off-season, the demand for greenhouse film is gradually coming to an end, the demand for plastic film remains sluggish, the demand for packaging film is flat, the operating rate of the pipe industry is declining, downstream demand is weak, and the growth of new orders is weak, lacking favorable support. As the end of the month approaches, the polyethylene market continues its pace of destocking, with producers and traders actively offering discounts and continuously lowering prices. The supply side continues to release new production capacity, while the demand side is in the off-season. Recently, due to geopolitical uncertainty, crude oil prices have rebounded, which has boosted the cost of polyethylene. However, the supply and demand side is weak, and it is expected that polyethylene will mainly operate weakly.
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