According to data monitoring by Business News Agency, the domestic price of LLDPE (7042) on March 1 was 8340 yuan/ton, and the average price on March 30 was 8275 yuan/ton. During the period, the decline was 0.77%, down 2.03% compared to February 1.

According to data monitoring by Business News Agency, the average ex-factory price of LDPE (2426H) on March 1 was 9070 yuan/ton, and the average price on March 30 was 8887 yuan/ton. During the period, the decline was 2.01%, down 3.57% compared to the quotation on February 1.

According to data monitoring by Business News Agency, the average ex-factory price of HDPE (5000S) on March 1 was 8533 yuan/ton, and the average price on March 30 was 8633 yuan/ton. During the period, the increase was 1.17%, up 0.78% compared to February 1.

Polyethylene was mixed in March. LLDPE and LDPE adjusted narrowly in the first half of the month, showing a downward trend in the second half. Near the end of the month, prices showed a slight upward trend, while HDPE prices were mainly strong after a slight increase at the beginning of the month. At the beginning of the month, on the cost side, international crude oil futures rose, supporting the polyethylene market. March was the peak season for agricultural film demand, and the market demand was expected to be positive, with the price being raised. In the middle of the month, due to the international banking crisis, the macro market was heavily pessimistic, and the polyethylene market was somewhat dragged down. Near the end of the month, the trend of enterprise overhaul and spot price increase, coupled with the recovery of crude oil market, boosted the price of polyethylene.

The crude oil market is recovering, and the cost side may have some support. From March to April, there was an increase in the maintenance of devices, but the new capacity was gradually released, and the polyethylene supply pressure remained high. Downstream plastic mulch is in the peak season, with weak demand for plastic mulch. In terms of pipes, factory orders have been slow to follow up, and the enthusiasm for replenishment is not high, mainly in demand. Polyethylene analysts from the Business News Agency predict that polyethylene may be mainly operated in a weak and volatile manner.