According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic price of LLDPE (7042) was 8200 yuan/ton on August 1, and the average price on August 28 was 8428 yuan/ton, with a price increase of 2.79% during the period.
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According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of LDPE (2426H) on August 1st was 8937 yuan/ton, and the average price on August 28th was 9550 yuan/ton. During this period, the quotation increased by 6.85%.
According to the monitoring of the Commodity Market Analysis System of the Business Society, the average ex factory price of HDPE (5000S) was 9275 yuan/ton on August 1st, and the average price on August 28th was 9212 yuan/ton. During this period, the quotation decreased by 0.67%.
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The price of polyethylene mainly increased in August, mainly starting from the second half of the month, with LDPE prices experiencing a significant increase. The maintenance of high cost crude oil has a certain supporting effect on the price of polyethylene. The supply of some polyethylene grades is tight, and the prices quoted by production enterprises and traders have increased. The seasonal recovery of orders from agricultural film enterprises has continued, and downstream bargain-hunting and restocking behavior has increased compared to the previous period. The expected improvement in market demand has boosted market sentiment. In terms of HDPE, prices in August mainly fluctuated and fell, with an increase towards the end of the month. The peak maintenance season for domestic polyethylene plants is coming to an end, and the plants are gradually restarting. In addition, there are many HDPE plants planned to start up, but due to some high prices, downstream resistance to high prices is strong, and market transactions are limited, resulting in a decrease in HDPE prices.
The polyethylene futures market in August was mainly fluctuating and rising, which had a certain boosting effect on the spot market.
The polyethylene maintenance equipment has been restarted one after another, and the operation of the equipment has increased, with an expected increase in supply side; The peak season of demand for greenhouse film and plastic film is approaching, with an expected increase in demand, boosting market sentiment. It is expected that polyethylene may fluctuate strongly, but the upward space is limited.
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