According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7428 yuan/ton on September 1st and 7391 yuan/ton on September 5th, a decrease of 0.49%. LDPE (2426H) had an average price of 9683 yuan/ton on September 1st and 9633 yuan/ton on September 5th, a decrease of 0.52%. HDPE (2426H) had an average price of 7982 yuan/ton on September 1st and 7962 yuan/ton on September 5th, a decrease of 0.25%.

Polyethylene prices have declined this week. During the period from August 29th to September 4th, the maintenance loss of polyethylene plants was about 113100 tons, a decrease of 19400 tons compared to the same period last week. Among them, Jilin Petrochemical’s low-pressure, Sinochem Quanzhou low-pressure, Tianjin Petrochemical’s linear, and Shanghai Petrochemical’s high-pressure 1PE plants have been restarted, and production enterprises have rebounded. Production is mainly increasing, coupled with an increase in imported goods and spot goods. On the demand side, downstream demand has improved slightly, but the increase in new orders is slow, and factories are restocking at low prices with insufficient support. On the cost side, the recent decline in international oil prices has weakened the support for the polyethylene market on the cost side. The market speculation sentiment has cooled down, and the polyethylene futures market has weakened, suppressing the spot market.
Next week, Daqing Petrochemical, Shanghai Petrochemical and other facilities are planned to restart, and there is currently sufficient spot supply in the market; In addition, with the continuous production of new devices, the pressure on medium and long-term supply has increased; September is the traditional peak season for polyethylene, with positive expectations on the demand side, but currently downstream new orders are slow; It is expected that the narrow adjustment of polyethylene will be the main focus.