Price trend

According to the Commodity Market Analysis System of Business Society, the price of PE film in the market has slightly increased this week. As of May 26th, the mainstream quoted price for 50cm PE winding film by domestic manufacturers and traders is around 10667 yuan/ton, which is unchanged from last week’s average price and an increase of 0.63% from the beginning of the month.

quotations analysis

In terms of raw materials, the price of raw material PE remained stable this week, with domestic producers and traders LLDPE (7042) experiencing a price increase of 3.1% from the beginning of the month at 9882 yuan/ton on May 24th. The price of raw material PE has been running steadily this week, with prices at a high level, putting pressure on the cost side prices.

In terms of supply: membrane enterprises have sufficient inventory, supply side supply is sufficient, and enterprises have pressure to destock

In terms of demand: Downstream enterprises mainly rely on basic needs, with cautious inquiries and limited order transactions, resulting in weak demand.

Future Market Forecast

Downstream terminal market demand releases limited inventory, weak demand, strong cost support, and increased price pressure. It is expected that the price of PE film may slightly follow the cost increase in the near future.