Polyethylene PE: Spot prices weakened overall, and the market has a strong pre-sale sentiment(December 23, 2024)

July 18, 2026

TDD

9441

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Highlights at a glance

This article provides a comprehensive update on the domestic petrochemical inventory, focusing on polyolefins which have increased to 650,000 tons. It highlights auction statistics, market analysis, and future forecasts, indicating weak demand and fluctuating prices in the polyethylene market.

Domestic petrochemical inventory: The inventory of polyolefins of the two oils is 650,000 tons, an increase of 55,000 tons from last week.

Shenhua auction statistics: Linear today's auction volume is 184 tons, and today's transaction volume is 184 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 0 tons, and today's transaction volume is 0 tons.

PE spot market analysis: Today's domestic PE market as a whole showed a weak consolidation trend. Except for the continued rise in linear prices in East China, the prices in other markets were stable and weak, with a decline of 20-50 yuan/ton. The news of the increase in supply in the market put pressure on the market, but the current linear spot supply is still tight. The resources at the end of the month are pre-sold at the beginning of the next month. The market has a strong pre-sale sentiment. Some traders continue to make concessions to facilitate transactions, and the transactions in the market have slowed down.

PE spot trend forecast: In terms of raw materials, the current crude oil market is affected by multiple factors, and the focus is still on the demand side of crude oil and geopolitical situations. In terms of supply, there are currently no PE units scheduled for maintenance in the market, and some PE units that were previously shut down are planned to resume operation, most of which involve LDPE varieties. It is expected that in the short term, except for the continued increase in LDPE supply, the supply pressure of HDPE and LLDPE in the market will be general. In terms of demand, it is expected that the overall terminal demand will remain relatively weak, and the overall new orders in the downstream may decrease. Although some downstream industries may have improved to a certain extent due to the holiday effect, the overall support of the demand side to the PE market is limited. Overall, the polyethylene market is expected to fluctuate and consolidate in the short term.

Mainstream PE market quotes:

PE futures analysis: L2505 opening price on December 23: 8073, highest price: 8102, lowest price: 8055, position: 531783, settlement price: 8078, yesterday's settlement: 8117, drop: 39, daily trading volume: 333893 lots, deposited funds: 3.011 billion, capital inflow: 19.74 million.

Domestic PE index: According to Tuduoduo data, the domestic HDPE spot index on December 23 was 8050, down 7; the LDPE film spot index was 10564, down 35; the LLDPE spot index was 8920, down 4.