LLDPE (7042) had an average price of 8386 yuan/ton on May 22 and 8256 yuan/ton on May 28, a decrease of 1.55%. The average price of LDPE (2426H) on May 22nd was 11116 yuan/ton, and on May 28th it was 10750 yuan/ton, a decrease of 3.30%. The average price of HDPE (5000S) on May 22nd was 10237 yuan/ton, and on May 28th it was 10162 yuan/ton, a decrease of 0.73%.

The pre maintenance equipment has resumed production, and the supply is loose. The expected arrival of imported goods at the port has been fulfilled, and port inventory is gradually accumulating. Coupled with sufficient stocking by traders in the early stage, the market circulation of goods is abundant, and seller competition is intensifying. The social inventory has shifted from slow depletion in the early stage to obvious accumulation, and some traders are facing increased financial pressure. The proactive price reduction and shipment behavior has directly exacerbated the downward trend in prices.
The demand during the off-season has not improved, and the support for essential needs remains weak. The traditional off-season of agricultural film continues, and the operating rate of downstream enterprises remains low. Downstream industries such as packaging and injection molding have weak orders, and end product companies are purchasing on demand and on-demand. The overall procurement pace has slowed down, and the market lacks support for bulk transactions.
The support for crude oil has weakened. International crude oil prices have fluctuated widely and fallen, easing supply concerns caused by geopolitical conflicts and weakening cost support.
The loose supply pattern is difficult to change, and the off-season for agricultural film will continue. Downstream packaging and injection molding demand is unlikely to improve significantly, and the support for essential needs is weak. The short-term polyethylene market is expected to maintain a weak and volatile operation.