According to the data monitoring of the Business News Agency, the domestic price of LLDPE (7042) was 8447 yuan/ton on February 1, and the average price on February 28 was 8332 yuan/ton, with a decline of 1.35% during the period, down 0.71% from January 1.

According to the data monitoring of the Business News Agency, the average ex-factory price of LDPE (2426H) was 9216 yuan/ton on February 1 and 9070 yuan/ton on February 28, with a decline of 1.59% during the period, 0.33% lower than the price quoted on January 1.

According to the data monitoring of Business News Agency, the average ex-factory price of HDPE (5000S) was 8566 yuan/ton on February 1 and 8500 yuan/ton on February 28, with a decline of 0.78% during the period, up 0.39% from January 1.

In February, the domestic polyethylene price was dominated by weak operation. LLDPE continued to decline in the first half of the month, and rose and fell in the second half of the month; LDPE’s quotation in the first half of the month was mainly stable, while it rose and fell in the second half of the month; HDPE declined significantly in the first half of the month, and the quotation in the second half was mainly stable. Hainan Refining and Chemical Co., Ltd. and Guangdong Petrochemical Co., Ltd. have been put into operation successively, and the overall market supply is still loose. Starting from the beginning of February c, the operating rate of downstream enterprises increased, but mainly digested inventory. The market purchasing sentiment was not high, and orders were limited. Traders’ inventory pressure was high, and their prices fell. March is the traditional peak season. The operating rate of agricultural film, packaging film and other plastic downstream products increased, and orders increased.

The domestic polyethylene market has sufficient supply, and the demand for polyethylene market has recovered less than expected after the holiday. March is the traditional peak season, and the market demand is expected to be optimistic. It is expected that polyethylene will increase, but its rising space is limited.