According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8680.00 yuan / ton on January 16 and 8720.00 yuan / ton on January 24. The increase rate in the week was 0.46%, up 0.11% compared with January 1.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11950.00 yuan / ton on January 16 and 12087.50 yuan / ton on January 24. The increase rate in the week was 1.15%, down 2.22% from January 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8866.67 yuan / ton on January 16 and 8933.33 yuan / ton on January 24. The increase rate in the week was 0.75%, an increase of 1.52% compared with January 1.

This week, the prices of the three major polyethylene spot varieties were strong, rising to varying degrees. Among them, LDPE and HDPE markets showed a continuous upward trend, llldpe market rose first and then stabilized, and the increase range in East China was 50-150 yuan / ton. During the week, the rise of international crude oil brought obvious support to the market, and the actors in Liansu futures market brought certain benefits. The ex factory price of petrochemical enterprises has increased, and the cost support is acceptable. The downstream has good enthusiasm for entering the market in the early stage, and the market trading atmosphere is mild. The quotation of merchants increased with the increase, but the range was limited.

Liansu futures market rose one after another, bringing obvious support to the spot market. On January 24, the opening price of polyethylene futures 2205 was 8945, the highest price was 9096, the lowest price was 8883, the closing price was 8888, the former settlement price was 8920, the settlement price was 8983, down 32, or 0.36%, the trading volume was 523012, the position was 308363, and the daily position was increased by – 16140. (quotation unit: yuan / ton)

On the whole, the market maintenance devices are reduced and the supply increases slightly. In terms of demand, the downstream factories have successively opened the holiday mode near the Spring Festival, the operating rate has declined, and the demand is expected to decrease. The support brought to the market by the decline of international crude oil price and the decline of Liansu futures market is limited. It is expected that the price of PE spot market will be adjusted first and then decreased in the short term.