Domestic PE: Price Drop, Inventory Fall

Domestic petrochemical inventory: The inventory of polyolefins from the two oils is 780,000 tons, down 30,000 tons from yesterday.

PE spot market analysis: Today, the overall domestic PE market price showed a downward trend. Except for the small increase in low-pressure wire drawing prices in East China, the market prices in other regions fell across the board, ranging from 30 to 150 yuan/ton. The cost side is still affected by the instability of the geopolitical situation, and international oil prices have weakened significantly. Although some PE manufacturers continue to raise ex-factory prices, downstream companies are resistant to high-priced raw materials, and the demand side has limited support. Traders are blocked from shipping, and they offer more concessions, making it difficult for transactions to increase.

PE spot trend forecast: In terms of raw materials, in the short term, the crude oil market may be affected by favorable factors such as the traditional peak consumption season in the United States, as well as unfavorable factors such as the geopolitical situation, OPEC+ maintaining its position of increasing production, and the poor global economy.

It is also necessary to pay attention to the impact of related changes on international oil prices. On the supply side, the number of newly suspended PE units in the market has increased, and the impact of unit shutdown has risen to a relatively high level of about 19%. 

However, under the expectation of new capacity release, the subsequent supply pressure continues to accumulate. On the demand side, downstream companies mostly produce on demand and purchase raw materials cautiously, which makes it difficult to give the PE market a strong pull. Overall, the polyethylene market is expected to fluctuate in the short term.

Mainstream PE market quotes:

PE futures analysis: June 24 L2509 opening price: 7421, highest price: 7443, lowest price: 7165, position: 474026, settlement price: 7291, yesterday's settlement: 7422, drop: 131, daily trading volume: 594765 lots, deposited funds: 2.406 billion, capital outflow: 81.62 million.

Domestic PE index: According to Tuduoduo data, the domestic HDPE spot index was 7840 on June 24, down 13; the LDPE film spot index was 9852, down 106; the LLDPE spot index was 7474, down 75.

Shenhua auction statistics: Linear today's auction volume is 200 tons, and today's transaction volume is 0 tons. High pressure today's auction volume is 0 tons, and today's transaction volume is 0 tons. Low pressure today's auction volume is 250 tons, and today's transaction volume is 177 tons.

Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.