According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8830.00 yuan / ton on March 1 and 8990.00 yuan / ton on March 16, with an increase of 1.81% and 0.90% compared with February 1.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 11616.67 yuan / ton on March 1 and 11633.33 yuan / ton on March 16, with an increase of 0.14% and a decrease of 3.96% compared with February 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9183.33 yuan / ton on March 1 and 9616.67 yuan / ton on March 16, with an increase of 4.72% and 7.25% compared with February 1.

In the first ten days of March, the polyethylene spot market as a whole showed a trend of increasing first and then decreasing, and the increase of the three varieties was greater than the decrease. In March, driven by the strong rise of international crude oil in the early stage, the polyethylene spot market followed the rise, the ex factory prices of petrochemical enterprises rose one after another, the mentality of merchants was good, and the prices followed the rise. In the later stage, the international crude oil was weak, and the cost support was significantly weakened. In addition, in terms of market demand, the orders of downstream factories were weaker than those in previous years, the continuous rise of polyethylene market was insufficient, and the price ushered in a certain correction.

In early March, Liansu futures market rose first and then fell, bringing phased support to the spot market. On March 16, the opening price of polyethylene futures 2205 was 8766, the highest price was 8911, the lowest price was 8710, the closing price was 8865, the former settlement price was 8889, the settlement price was 8823, down 24, or 0.27%, the trading volume was 403326, the position was 267215, and the daily position was increased by – 1554. (quotation unit: yuan / ton)

At present, some petrochemical enterprises in PE market have maintenance expectations and supply reduction expectations. In terms of downstream demand, compared with previous years, the demand is weak, the downstream market entry enthusiasm is general, and the order follow-up is insufficient. In terms of cost, the decline of international crude oil price is bad market mentality, and it is expected that the PE spot market price may still weaken in the short term.