According to the data monitoring of the business agency, the average ex factory price of LLDPE (7042) in East China was 8283.33 yuan / ton on August 15 and 8433.33 yuan / ton on August 20, with an increase of 1.81% during the week and 2.22% compared with August 1.

According to the data monitoring of the business agency, the average ex factory price of LDPE (2426h) in East China was 10712.50 yuan / ton on August 15 and 11350.00 yuan / ton on August 20, with an increase of 5.95% during the week and 7.08% compared with August 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8866.67 yuan / ton on August 15 and 8866.67 yuan / ton on August 20. The price remained unchanged during the week, down 2.92% compared with August 1.

In the third week of August, the three PE spot varieties continued to rise, mainly led by high pressure. LDPE rose the most significantly, with an increase of nearly 6% during the week, followed by LLDPE. HDPE finished sideways within the week, with limited changes. On the whole, the polyethylene market rose significantly. This week, Sinopec continuously raised the ex factory price and strengthened the cost support. The high-pressure film was favorable due to the small supply in the market, and the price continued to rise. Traders’ mentality has improved, and market prices have risen. However, the terminal maintains replenishment on demand, the overall transaction atmosphere of the market is general, and the negotiation mode is continued.

The upstream ethylene market, the ethylene market, and the recent external ethylene market showed a downward trend as a whole. The ethylene market price in Asia continued to decline. As of the 12th, CFR Northeast Asia closed at USD 926-936 / T and CFR Southeast Asia closed at USD 961-971 / T. European ethylene market prices fluctuated and consolidated. As of the 12th, FD northwest Europe closed at US $1368-1375 / T and CIF northwest Europe closed at US $1255-1263 / T. The price of ethylene in the United States fell sharply. As of the 12th, the price was $894-911 / ton. Recently, the overall external ethylene market showed a downward trend. The recent decline of ethylene in the United States was large, and ethylene in Asia also fell by $20 / ton for two consecutive days. Generally speaking, the demand of the whole ethylene external market has been poor recently, the market trading atmosphere is cold, and the overall focus of the ethylene market has shifted downward.

Liansu futures rose first and then fell this week, bringing phased benefits to the spot market. On August 20, the opening price of polyethylene futures 2201 was 8140, the highest price was 8170, the lowest price was 8080, the closing price was 8130, the former settlement price was 8250, the settlement price was 8125, down 120, down 1.45%, the trading volume was 361388, the position was 260002, and the daily increase was – 332（ Quotation unit: yuan / ton)

At present, the weakness of international crude oil and the decline of futures market affect the market mentality, and the downstream has limited ability to accept high prices. Multidimensional holds replenishment on demand, and the transaction atmosphere is general. Although the market supply is relatively small, the negative factors are obvious. Some petrochemical prices have been corrected at the weekend, and the cost support is weakened. It is expected that the PE spot market may fall in the short term.