Polyethylene prices fell this week (10.16-10.20)

According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8217 yuan/ton on October 16, and the average price on October 20 was 8180 yuan/ton. During this period, the quotation decreased by 0.45%.

 

Thiourea

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) was 9425 yuan/ton on October 16, and the average price on October 20 was 9307 yuan/ton. During this period, the quotation decreased by 1.25%.

 

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 8800 yuan/ton on October 16th, and the average price on October 20th was 8725 yuan/ton. During this period, the quotation decreased by 0.85%.

 

Polyethylene prices continued to decline this week. The international crude oil fluctuates strongly, providing some bottom support for the polyethylene market. The shutdown and maintenance of enterprises have decreased, and the supply of polyethylene is expected to increase. The demand for agricultural film is in peak season, and the market procurement is mainly based on hard demand, and the transaction is still acceptable. The demand for packaging film during the E-commerce Festival is expected to be positive. In order to facilitate transactions, merchants often sell at reduced prices, with polyethylene prices mainly falling.

 

On October 20th, polyethylene l2401 rose 0.32% to close at 7954..

 

On the cost side, there is some support for polyethylene, and agricultural film is in the peak demand season, but overall demand is weak compared to the same period last year. In order to facilitate transactions, merchants are often actively offering profits and shipping. It is expected that polyethylene will be mainly adjusted in a narrow range.

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