Near the end of the month, the overall trend of the three major PE spot varieties was mainly weak. This week, the decline of LDPE in East China was the most prominent. HDPE fell first and then stabilized. LLDPE maintained weak consolidation, and businesses followed the market and offered profits. Here are the details:

According to the data monitoring of business news agency, the average ex factory price of LLDPE (7042) in East China was 8333.33 yuan / ton on May 23 and 8333.33 yuan / ton on May 28. The price was stable in the week, down 0.79% from May 1.

According to the data monitoring of business society, the average ex factory price of LDPE (2426h) in East China was 10250.00 yuan / ton on May 23 and 9825.00 yuan / ton on May 28, with a decrease of 4.15% in the week and 11.29% compared with May 1.

According to the data monitoring of business news agency, the average ex factory price of HDPE (5000S) in East China was 9083.33 yuan / ton on May 23, and 9066.67 yuan / ton on May 28. It fell first and then stabilized within the week, with a decline rate of 0.18%, up 0.55% from May 1.

Near the end of the month, the overall trend of the three PE spot markets is still weak, and the ex factory prices are down. This week, LDPE decreased the most significantly, at 150-400 yuan / ton; HDPE is reduced by 100-300 yuan / ton; The adjustment range of LLDPE varieties is 50-300 yuan / ton. As petrochemical enterprises reduce the ex factory price, the confidence in the market is weak. In terms of demand, the current agricultural film production is in the off-season, the follow-up of linear demand is insufficient, and the transaction atmosphere of the market is general. In addition, power rationing in some regions of South China affects the start-up of downstream enterprises, and there is a low expectation of the demand for raw materials. On the supply side, new production capacity resources have entered the market one after another, and the domestic supply has increased significantly, which has also brought some bad news to the market. Merchants actively ship goods, give a small profit to stimulate downstream market purchasing, and the market lacks good guidance.

The recent decline of Liansu futures is obvious, which brings some bad news to the spot market. On May 28, the opening price of polyethylene futures 2109 was 7760, the highest price was 7875, the lowest price was 7655, and the closing price was 7665. The former settlement price was 7820, the settlement price was 7755, down 155, or 1.98%. The trading volume was 688619, the position was 400234, and the daily increase was 42154（ Quotation unit: yuan / ton)

At present, power rationing in some areas of South China has affected the downstream enterprises to start work, and there is a low expectation of raw material demand. Moreover, agricultural film production is in the traditional off-season, and the market demand has weakened. Domestic PE supply is also under certain pressure. Petrochemical enterprises’ lowering of ex factory prices will affect the market mentality. Businesses will follow the market and the prices will be lowered. The market lacks good guidance. It is expected that the PE spot market will still be weak in the short term.