According to Todudu data monitoring, the domestic LLDPE (7042) price was RMB 8025.71 per ton on August 14, and the average price was RMB 7840.00 per ton on August 19, a weekly drop of 2.31%, and a drop of 9.71% compared with that of July.1.

According to Toto data, August 14 LDPE (2426H) ex-factory average price of 9916.67 yuan / ton, August 19 average price of 9783.33 yuan / ton, a weekly decline of 1.34%. 10.52% from July 1st.

According to Todudu data monitoring, the average price of HDPE (5000S) ex-works was RMB 8,650/mt on August 14th, and RMB 8,516.67/mt on August 19th, a decrease of 1.54% during the week. Since July 1 9.56%.

Last week, the domestic PE market continued to weaken, the three major spot varieties have fallen sharply to 50-300 yuan / ton. Among them, LLDPE fell the most, the average price fell below 8000 yuan / ton, HDPE also fell. The international crude oil market fell and then rose this week. The decline was greater than the rise. The cost limited the support to the market. The market was relatively well supplied and some companies started installation start-ups this week. Demand remained weak and downstream order growth was low due to high temperatures and power supply disruptions across the region. Negative factors dominated the market and prices mainly fell.

August 19, PE futures 2209 opened at 7656, the highest 7723, the lowest 7621, closed at 7691, the early settlement price of 7667, the settlement price of 7669, up 24%. Volume of 134,070 lots, positions 8,227 lots, average daily growth-33,856 lots. (Quotation unit: yuan / ton)

International crude oil market rebounded over the weekend, but cost support is still limited. PE market overall supply pressure is still too much, downstream demand can not keep up. The market is obviously bearish and still bearish. It is expected that the domestic PE spot market will still have room to fall in the short term.

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