According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8250.00 yuan / ton on September 1 and 9250.00 yuan / ton on September 30, with an increase of 12.12% during the month and 25.00% compared with the same period last year.
According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11337.50 yuan / ton on September 1 and 12962.50 yuan / ton on September 30, with a rise of 14.33% during the month and 27.24% compared with the same period last year.
According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8750.00 yuan / ton on September 1 and 9333.33 yuan / ton on September 30, with an increase of 6.67% in the month and 9.80% compared with the same period last year.
In September, the overall rise of polyethylene spot market was dominated by favorable factors in the month. The three major polyethylene varieties increased to varying degrees, of which the increase of LDPE in East China was the most obvious, ranking third in the rubber and plastic list in September. During the month, the ex factory price of petrochemical increased one after another, with obvious increase range and strong cost support. Liansu futures market surged, bringing some positive support to the spot market. In addition, affected by the “double control” policy, some coal chemical enterprises have load reduction expectations, and the news boosted the market bullish sentiment. However, the overall trading atmosphere of the market during the month is general. Although it is currently in the peak demand season, the demand is not as expected. The merchant’s mentality is general, and the spot market price is mainly rising. The price of petrochemical enterprises continued to rise in early October.
Liansu futures rose sharply in September, bringing periodic benefits to the spot market. On September 30, the opening price of polyethylene futures 2201 was 9435, the highest price was 9975, the lowest price was 9300, the closing price was 9910, the former settlement price was 9385, the settlement price was 9570, up 525, or 5.59%, the trading volume was 523681, the position was 322940, and the daily position was increased 6162. (quotation unit: yuan / ton)
At present, the futures market has increased, and the new price of petrochemical enterprises at the beginning of the month has increased. In addition, it is currently in the peak demand season. There is a certain demand for replenishment in the downstream after the National Day holiday. In the future, there are still positive factors in the polyethylene market. It is expected that the PE spot market will still rise in October.
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