According to data from Shengyishe Spot News, the average price of LLDPE (7042) was 8580 yuan/ton on April 15th and 8283 yuan/ton on April 21st, a decrease of 3.46%. LDPE (2426H) had an average price of 11700 yuan/ton on April 15th and 11350 yuan/ton on April 21st, a decrease of 2.99%. The average price of HDPE (5000S) on April 15th was 10412 yuan/ton, and on April 21st it was 10232 yuan/ton, a decrease of 1.73%.
The peak season for spring plowing of plastic film in mid to late April has basically ended, and the operating rate of agricultural film factories has fallen, with weak support for basic needs. Downstream industries such as packaging, injection molding, and pipe materials generally have light orders: downstream factories have no intention of replenishing inventory, and traders sell goods at low prices to recoup funds, directly driving prices to accelerate downward.
Maintenance support is weakening: on the one hand, the market has already anticipated the expected restart of the equipment in May, and the current positive effect of maintenance is weakening; On the other hand, the continuous accumulation of inventory in enterprises indicates that the reduction in supply cannot keep up with the speed of demand decline, and the contradiction between supply and demand continues to expand, putting pressure on prices.
In recent times, the situation in the Middle East has been volatile, with oil prices showing sharp fluctuations, unstable cost support, and insufficient market sentiment.
In the short term, it is expected that polyethylene will continue to fluctuate weakly and be prone to decline but difficult to rise.
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