Weak Demand, China PE Market Fluctuated in Narrow Range
BrookMacAdam 
29 
According to the monitoring of Todudu Product Market Analysis System, the price of domestic LLDPE (7042) was RMB 8,100 per ton on December 4, and the average price was RMB 8,090 per ton on December 8, a year-on-year decrease of 0.12%.
According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic LDPE (2426H) price was RMB 9125 per ton on December 4, and the average price was RMB 9107 per ton on December 8, with a year-on-year price drop of 0.19 points.
According to the monitoring of Todudu Bulk Products Market Analysis System, the domestic HDPE(5000S) price was RMB 8550/mt on Dec. 4, and the average price was RMB 8550/mt on Dec. 8. tons. During this period, the estimate remained stable.
PE market narrowly adjusted last week. On the cost side, international crude oil fell, PE support weakened. Compared with the previous period, the maintenance equipment of petrochemical companies has been reduced, and PE supply is still sufficient. Imports are also expected to increase. Agricultural films and pipelines entered off-season demand, new orders for packaging films were limited, and the trading atmosphere was poor. Downstream purchasing is cautious, mainly due to weak demand. Traders are strongly willing to adjust offers and sell at discounts. As the weekend approaches, market sentiment has improved and asking prices have risen slightly, but the space for upward adjustment is limited.
December 8, Dalian Commodity PE Exchange L2401 contract opened at 7960 yuan, closed at 8057 yuan, up 102 yuan, the highest price of 8074 yuan, the lowest price of 7940 yuan. Up 1.28%.
PE market is oversupplied and demand is expected to fluctuate slightly.
Please feel free to contact toodududu (tdd-global@toodudu.com) if you have any questions.
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