According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8463 yuan/ton on October 15th, and the average price was 8450 yuan/ton on October 22nd, with a price drop of 0.16% during this period.
| Gamma-PGA (gamma polyglutamic acid) |
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 11150 yuan/ton on October 15th, and the average price was 11000 yuan/ton on October 22nd, during which the quotation fell by 1.35%.
On October 22nd, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8086 yuan and closed at 8096 yuan, up 1 yuan, with a maximum of 8120 yuan and a minimum of 8077 yuan, up 0.01%.
Recently, the decline in oil prices has been negative for the polyethylene market. On the supply side, the maintenance equipment has been restarted, and the supply has increased compared to the previous period. There is an expectation of an increase in the supply of LDPE products. Recently, the LDPE equipment of Shanghai Petrochemical and Maoming Petrochemical has been restarted, which has significantly lowered the price of high-pressure products. On the demand side, market demand fell short of expectations, downstream enthusiasm for receiving goods was not high, and most of the essential needs were mainly purchased at low prices, with limited support on the demand side. Negative factors dominate, and the polyethylene market is weak and declining.
On October 22nd, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8086 yuan and closed at 8096 yuan, up 1 yuan, with a maximum of 8120 yuan and a minimum of 8077 yuan, up 0.01%. The recent trend of futures market is weak, which is suppressing the spot market.
International oil prices may experience a slight decline, with insufficient cost support; On the demand side, there is not much change in the production of agricultural film, and the demand follow-up during peak season is slow. The support from the demand side is limited, and it is expected that polyethylene may have a weak trend.
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