According to the data monitoring of business news agency, the domestic price of LLDPE (7042) was 8025.71 yuan / ton on August 14, and the average price was 7840.00 yuan / ton on August 19, with a decrease of 2.31% in the week and 9.71% compared with July 1.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) on August 14 was 9916.67 yuan / ton, and the average price on August 19 was 9783.33 yuan / ton, with a decrease of 1.34% in the week and 10.52% compared with July 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) was 8650 yuan / ton on August 14, and 8516.67 yuan / ton on August 19, with a decrease of 1.54% in the week and 9.56% compared with July 1.

This week, the domestic polyethylene market continued to be weak, and the three spot varieties were significantly reduced, with a range of 50-300 yuan / ton. Among them, LLDPE fell most obviously, with the average price falling below 8000 yuan / ton, and LDPE and HDPE also decreased. During the week, the international crude oil market fell first and then rose. The decline was greater than the increase. The cost brought limited support to the market. The market supply is relatively sufficient, and some enterprises installed and started up in the week. The demand is still weak, with high temperature and power limitation in many places, and the increase of downstream orders is poor. The market is dominated by negative factors and the price is mainly downward.

On August 19, the opening price of polyethylene futures 2209 was 7656, the highest price was 7723, the lowest price was 7621, the closing price was 7691, the previous settlement price was 7667, the settlement price was 7669, up 24%, the trading volume was 134070, the position was 82227, and the daily increase was – 33856. (quotation unit: yuan / ton)

Although the international crude oil market rebounded over the weekend, the support brought by the cost is still limited. The pressure on the overall supply of the polyethylene market is still too large, and the downstream demand is insufficient to follow up. The market is obviously negative and still weak. It is expected that there is still room for decline in the PE spot market in the short term.