Polyethylene saw a narrow increase this week (11.11-11.15)

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8596 yuan/ton on November 11th, and the average price was 8650 yuan/ton on November 15th, with a price increase of 0.62% 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 10733 yuan/ton on November 11th, and the average price was 10750 yuan/ton on November 14th, with a price increase of 0.16% during this period.

 

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8500 yuan/ton on November 11th, and the average price was 8500 yuan/ton on November 15th, during which the quotation was temporarily stable.

 

There are many polyethylene parking inspections and a decrease in petrochemical inventory, which puts great pressure on inventory supply and supports the polyethylene market. According to data statistics, as of November 14th, the plastic two barrel oil inventory was 670000 tons, a decrease of 1.47% month on month and 0.74% year-on-year. The demand for greenhouse film has entered the final stage, downstream procurement efforts have decreased, and there is insufficient follow-up on new orders; Macro positive expectations have increased, and the market sentiment is relatively strong, boosting the plastic market.

 

On November 15th, the Dalian Commodity Exchange polyethylene L2501 contract opened at 8322 yuan and closed at 8289 yuan, up 19 yuan, with a high of 8396 yuan and a low of 8270 yuan, up 0.23%. The recent strong trend of polyethylene futures has boosted the spot market.

 

The peak season for agricultural film is coming to an end, and the support for polyethylene is weakening. It is expected that the upward space for polyethylene will be limited.

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