According to the data monitoring of the business agency, the average ex factory price of LLDPE (7042) in East China was 9290.00 yuan / ton on October 24 and 8920.00 yuan / ton on October 28, with a decline of 3.98% during the week and an increase of 8.12% compared with September 1.

According to the data monitoring of the business agency, the average ex factory price of LDPE (2426h) in East China was 12825.00 yuan / ton on October 24 and 12075.00 yuan / ton on October 28, with a decline of 5.85% during the week and an increase of 6.50% compared with September 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9500.00 yuan / ton on October 24 and 8933.33 yuan / ton on October 28, with a decrease of 5.96% during the week and an increase of 2.10% compared with September 1.

This week, the domestic polyethylene futures and current markets were dominated by weak decline, and the three major spot varieties collectively fell, showing a continuous downward trend during the week. Among them, the decline of HDPE in East China was the most obvious, and LLDPE and LDPE were also reduced to varying degrees. There are strong negative factors in the market this week. First, petrochemical enterprises collectively reduced the ex factory price by 200-1200 yuan / ton. Liansu futures fell significantly during the week, which is bad for the mentality of the spot market. The price of thermal coal fell, the effect of intervention policy appeared, the coal output increased, the tight supply situation eased, the coal production capacity was released in stages, the coal price fell, and the cost side support weakened. However, due to the impact of power restriction on the terminal, the demand is not prosperous in the peak season, the downstream just needs to enter the market, the overall transaction atmosphere of the market is poor, the merchant price follows the weakness, and the firm price focuses on a single discussion.

Liansu futures fell broadly this week, bringing obvious bad news to the spot market. On October 28, the opening price of polyethylene futures 2201 was 8730, the highest price was 8875, the lowest price was 8570, the closing price was 8760, the former settlement price was 8895, the settlement price was 8700, down 135, or 1.52%, the trading volume was 593760, the position was 246379, and the daily position was increased by – 24427. (quotation unit: yuan / ton)

At present, the atmosphere of adult trading in the market is poor, the overall trend of the three PE spot varieties is in the doldrums, and petrochemical enterprises have greatly reduced the ex factory price. The downstream mentality is cautious, multidimensional holds replenishment on demand, and the enthusiasm for entering the market is not good. In terms of demand, the film is limited, and the downstream is generally improved, showing a trend of not flourishing in the peak season. PE spot market is expected to continue to weaken in the short term.