According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 8196 yuan/ton on March 13th and 8130 yuan/ton on March 19th, a decrease of 0.81% during this period. LDPE (2426H) had an average price of 10000 yuan/ton on March 13th and 9800 yuan/ton on March 19th, a decrease of 2.00% during this period. HDPE (2426H) had an average price of 8437 yuan/ton on March 13th and 8420 yuan/ton on March 19th, a decrease of 0.41% during this period.

Affected by the progress of the Russia Ukraine peace talks and the easing of the situation in the Middle East, international crude oil is showing a volatile pattern, and the polyethylene market trend is weak due to the drag of crude oil costs. There is sufficient supply of products on site, but the market mentality is bearish. Manufacturers and traders tend to lower prices for sales. In March, agricultural film entered the peak season. Although downstream production increased and the order volume was relatively low, the overall demand was lower than expected, and the peak season was not strong, with limited support.

The supply side has sufficient inventory at a high level, and there is significant pressure to reduce inventory; The downstream procurement mentality is cautious, and the replenishment efforts are insufficient. It is expected that polyethylene will mainly operate weakly due to fluctuations.