According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8253 yuan/ton on February 27th and 8230 yuan/ton on March 6th, with a price drop of 0.28% during this period. LDPE (2426H) had an average price of 10150 yuan/ton on February 27th and 10150 yuan/ton on March 6th, during which the quotation remained stable. HDPE (2426H) had an average price of 8387 yuan/ton on February 27th and 8437 yuan/ton on March 6th, with a price increase of 0.60% during this period.
The unexpected increase in US crude oil inventories, coupled with market concerns about trade risks caused by US tariffs, has led to a sustained decline in international oil prices, which has to some extent negatively impacted the polyethylene market. The linear product trend is running narrowly and weakly, with ample supply suppressing the linear product trend; After a slight increase in low-voltage products due to equipment maintenance and production conversion news, the upward momentum is insufficient. In March, plastic film enters the peak season, and the production rate of agricultural film is expected to increase, but the increase is slowing down. The increase in downstream orders is limited, and there is insufficient action on the demand side.
Newly added maintenance for the HDPE Phase II unit of China Korea Petrochemical and the LDPE Phase II unit of Zhejiang Petrochemical, but the supply side pressure is still high; The downstream reception enthusiasm is not high, and it is expected that there will be significant upward pressure on polyethylene.
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