As of the end of April, the three major trends and the overall trend of PE spot varieties remained weak. Among them, East China LDPE ex-factory prices are still on a downward trend, April 30, down 0.45%. East China LLDPE, HDPE overall trend is stable, but the market price has declined.

According to the data monitoring of Tudou.com, the average price of LLDPE (7042) ex-works in East China was RMB 8400.00/ton on April 25th, and RMB 8400.00/ton on April 30th. LLDPE price (7042) was stable this week, down 3.45% from April 1. East China LDPE (2426H) ex-works average price was RMB 11,125.00/ton on April 25, and RMB 11,075.00/ton on April 30, up 0.45% from last month's decline, and down 8.75% from April 1. East China HDPE on April 25 ( 5000S) ex-factory average price was RMB 9016.67/mt on April 30th. It was stable during the week, down 3.05% from March 1st.

Until the end of April, the three major PE spot markets continued to weaken, with the LDPE market being the most notable. Ex-factory prices of petrochemical companies fell, and ex-factory prices of LLDPE and HDPE were basically stable. With the May Day holiday approaching, upstream enterprises actively cleared their inventories. However, as the downstream agricultural film is in the off-season of demand, the terminal purchasing is cautious, and the supply is mostly supplemented according to the demand. The overall trading atmosphere in the market is weak, and the overall spot trend is stable, except for some declines.

Demand, downstream agricultural film is still in the off-season, the market continues to decline in the work rate. With the downstream or post-holiday replenishment into the market, pipe and packaging film is expected to grow slightly. Overall, PE spot market prices in China are expected to rise slightly after the May Day holiday, but the increase may be limited.

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