June 1-5: Developments in polyethylene manufacturers and market trends

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Manufacturer Updates: This week, domestic petrochemical manufacturers have mainly reduced their prices. The reductions were more significant for linear and low-pressure products; CNPC and Sinopec generally reduced the prices by around 200–300 yuan per ton for linear products, while high-pressure products saw price cuts of about 200 yuan per ton. Low-pressure products also experienced price reductions, in the range of 200–300 yuan per ton. On one hand, although there are still maintenance activities in the petrochemical industry, more production facilities are starting up again, leading to an increase in inventory levels. Market Trends This week, the polyethylene market saw a slight decline, with price drops ranging from 100 to 300 yuan. Linear futures were mainly in a downward trend, while crude oil futures also declined to varying degrees compared to international prices. There was little incentive for an increase in petrochemical prices, so prices tended to fall. The atmosphere of speculation in the market cooled down, and downstream manufacturers purchased goods only as needed, resulting in weak transaction volumes. Demand during this off-season period was low, with purchases being driven mainly by essential needs. Over the weekend, PE market prices remained unchanged, with most sellers adjusting their prices according to market conditions. Actual transaction negotiation. The prevailing transaction price for LLDPE 7042 is 9,700–9,900 yuan per ton ； The prevailing transaction price for LDPE 2426H is between 10,950 and 11,200 yuan per ton ； The prevailing transaction price for HDPE 5000S is 10,800–11,100 yuan per ton.