According to the monitoring data of business agency, the average ex factory price of LLDPE (7042) was 9000.00 yuan / ton on May 1 and 8888.33 yuan / ton on May 30. The decline rate in May was 1.24%, 4.22% lower than that on April 1.
According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) was 11750.00 yuan / ton on May 1, and 11300.00 yuan / ton on May 30. The decline in May was 3.83%, 4.64% lower than that on April 1.
According to the monitoring data of business agency, the average ex factory price of HDPE (5000S) was 9866.67 yuan / ton on May 1 and 9850.00 yuan / ton on May 30. The decline rate in May was 0.17%, which was stable compared with April 1.
In May, the overall weakness of the domestic polyethylene market decreased, and the three major varieties in East China all went down to varying degrees. Among them, LLDPE and LDPE showed a trend of first rising and then declining, and the HDPE market showed a trend of first falling and then stabilizing. During the month, the market was more bad than good. In May, the international crude oil price rose, and the cost side brought some support to the market. However, with the completion of equipment maintenance of some manufacturers, the market supply has increased. In addition, with the arrival of the off-season, the terminal demand is weak, the downstream factories maintain the replenishment on demand, the market trading atmosphere is general, the petrochemical inventory is at a high level, and the overall price is weak.
In May, Liansu futures market fell first and then rose, which brought phased support to the spot market. On May 30, the opening price of polyethylene futures 2209 was 8794, the highest price was 8880, the lowest price was 8747, the closing price was 8874, the previous settlement price was 8796, the settlement price was 8812, up 78, the trading volume was 381533, the position was 326296, and the daily position was increased by 20345. (quotation unit: yuan / ton)
At present, the international crude oil price is rising, and the cost side has brought some support to the market. However, affected by the off-season demand, the terminal demand is weak, and the market supply is still expected to increase in the later period, and the market negative factors are still obvious. It is expected that the PE spot market may still weaken in June.