According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8258 yuan/ton on October 1st, and the average price was 8466 yuan/ton on October 30th, with a price increase of 2.52% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10500 yuan/ton on October 1st, and the average price was 10866 yuan/ton on October 30th, with a price increase of 3.49% during this period.
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8125 yuan/ton on October 1st, and the average price was 8475 yuan/ton on October 30th, with a price increase of 4.31% during this period.
The overall trend of polyethylene in October was strong, with a significant increase occurring after the National Day holiday. During the National Day holiday, due to the tense situation in the Middle East, the crude oil market rose. After the holiday, the polyethylene market was boosted by favorable conditions, and prices increased significantly. The demand for agricultural film in October has entered the peak season, and there are positive expectations from the consumer side. On the supply side, with an increase in maintenance equipment and a reduction in supply, multiple favorable factors have boosted the upward trend of polyethylene prices. Starting from mid month, most enterprise quotations have remained firm, with a significant decline in high-voltage products. There are expectations of an increase in the supply side of high-voltage products, and some enterprises have restarted their equipment, which has suppressed the continuous downward movement of high-voltage product prices. In addition, the market has a resistance to high priced goods, and the market demand is lower than expected, resulting in low downstream enthusiasm for receiving goods. Most of the essential needs are mainly purchased at low prices. As the end of the month approaches, polyethylene is undergoing a weak and narrow adjustment. In order to promote transactions, businesses are actively offering discounts and shipping.
On October 31st, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8071 yuan and closed at 8150 yuan, up 76 yuan, with a high of 8166 yuan and a low of 8061 yuan, up 0.94%. The October futures market trend is weak, suppressing the spot market.
The maintenance of the polyethylene plant in the fourth quarter is limited, but the supply is sufficient, and new production capacity is gradually being put into operation; The demand for agricultural film is gradually weakening in November, and it is expected that polyethylene will mainly show a weak trend.
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