According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8990.00 yuan / ton on March 16 and 9280.00 yuan / ton on March 31, with a half month increase of 3.23%, an increase of 5.10% compared with March 1.

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) in East China was 11633.33 yuan / ton on March 16 and 11633.33 yuan / ton on March 31, with a half month increase of 1.00%, an increase of 1.15% compared with March 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9616.67 yuan / ton on March 16 and 9850.00 yuan / ton on March 31, with a half month increase of 2.43%, an increase of 7.26% compared with March 1.

In late March, the polyethylene spot market as a whole showed a trend from weak to strong, and the increase of the three varieties was greater than the decrease. Among them, LLDPE and HDPE markets rose significantly at the end of the month. In the latter ten days of the year, the polyethylene market was mainly subject to narrow range shocks in the early stage. Affected by the epidemic situation in many regions in China, the logistics and transportation were blocked, and the downstream demand was restrained to a certain extent. However, the price support mentality of petrochemical enterprises has obviously brought some support to the market, and the market fluctuates in a narrow range. Until the end of the month, the international crude oil price returned to the upward trend, which brought some support to the cost side. In addition, the market is about to usher in centralized maintenance, and the supply side is expected to reduce. At the beginning of the month, the new price was significantly higher.

In late March, Liansu futures market fluctuated higher, which brought some support to the spot market. On March 30, the opening price of polyethylene futures 2205 was 9222, the highest price was 9369, the lowest price was 9176, the closing price was 9291, the former settlement price was 9244, the settlement price was 9256, up 471, or 0.51%, the trading volume was 473770, the position was 268114, and the daily position was increased by – 16435. (quotation unit: yuan / ton)

At present, the return of international crude oil to the rising trend is good for the market mentality, and the market is about to usher in the peak maintenance season. The supply is reduced, the inventory of petrochemical enterprises is not high, the mentality is relatively strong, and the market demand is good in terms of demand. It is expected that the price of PE spot market may still rise in the short term.