Expected increase in supply, polyethylene may experience weak fluctuations

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8755 yuan/ton on November 28th, and the average price was 8783 yuan/ton on December 6th, with a price increase of 0.32% during this period.

 

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10816 yuan/ton on November 28th, and the average price was 10816 yuan/ton on December 6th, with prices remaining unchanged during this period.

 

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (2426H) was 8757 yuan/ton on November 28th, and the average price was 8562 yuan/ton on December 6th, with a price drop of 0.15% during this period.

 

Recently, the trend of polyethylene has fluctuated, with narrow adjustments being the main focus. On the supply side, according to data statistics, the maintenance loss of polyethylene plants during the (11.29-12.5) cycle was around 98400 tons, a slight increase of about 1900 tons compared to last week. In December, new production capacity will be gradually put into operation, and there are expectations of an increase in the supply side. Downstream demand is at the end of the peak season, with strong market demand, but downstream resistance to high prices has slowed down transactions; On the cost side, international oil prices have fallen due to the unexpected increase in US refined oil inventories, causing market concerns that demand remains weak.

 

On December 6th, the polyethylene L2501 contract on the Dalian Commodity Exchange opened at 8366 yuan and closed at 8351 yuan, a decrease of 36 yuan, with a maximum of 8380 yuan and a minimum of 8300 yuan, a decrease of 0.43%. Recently, futures have weakened, dragging down the spot market.

 

New production capacity will be added in December; In addition, there are no plans to stop for maintenance next week, which is expected to reduce maintenance losses and increase supply expectations; Entering December, the demand for greenhouse film is coming to an end, with a cumulative decrease in orders, and downstream production rates may decrease; It is expected that polyethylene will mainly experience a weak and fluctuating trend.

http://www.polyglutamicacid.com

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