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SunSirs: Lack of Effective Benefits, China PE Price Rose and Fell

Increase font size  Decrease font size Date:2023-11-14   Views:65

  According to the monitoring of the Commodity Market Analysis System of SunSirs, the domestic price of LLDPE (7042) was 8,228 RMB/ton on November 1, and the average price on November 10 was 8,268 RMB/ton. During this period, the quotation increased by 0.49%.



  According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of LDPE (2426H) was 9,112 RMB/ton on November 1, and the average price on November 10 was 9,175 RMB/ton, with a price increase of 0.69% during the period.



  According to the monitoring of the Commodity Market Analysis System of SunSirs, the average ex factory price of HDPE (5000S) was 8,650 RMB/ton on November 1, and the average price on November 10 was 8,637 RMB/ton, with a price drop of 0.14% during the period.



  Starting from November, the price of polyethylene has fluctuated, lacking effective benefits, and the space for polyethylene to rise is limited. Worried about the global economic outlook, the international crude oil market has declined, and the cost side support for polyethylene is insufficient. Polyethylene prices were relatively low in October, and companies began to have a slight upward trend in early November. There is a trend of upward pricing, but there is little room for upward growth. Some companies have a strong wait-and-see attitude and offer stable prices. The demand in the agricultural film market is flat, and downstream purchases are mainly based on demand, with cautious procurement and insufficient follow-up on new orders.



  On November 10th, the polyethylene l2401 contract on the Dalian Commodity Exchange opened at 8,177 RMB and closed at 8,162 RMB, a decrease of 9 RMB or 0.11%.



  After November, the peak season for agricultural film has ended, and the demand side's boost is limited; Enterprise parking and maintenance have decreased compared to the previous period, and there is still pressure on the supply of polyethylene products. Fundamentals are expected to be empty, and polyethylene may be mainly weak due to fluctuations, with insufficient upward mobility.


 
 
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