According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7453 yuan/ton on August 1st and 7445 yuan/ton on August 29th, a decrease of 0.11%. LDPE (2426H) had an average price of 9516 yuan/ton on August 1st and 9650 yuan/ton on August 29th, an increase of 1.40%. HDPE (2426H) had an average price of 7975 yuan/ton on August 1st and 7982 yuan/ton on August 29th, an increase of 0.09%.

Polyethylene prices fluctuated in August, with high-pressure products showing a strong trend, while linear and low-pressure products mainly showed a consolidation trend with little change. On the supply side, the trend of high-voltage products is relatively strong, mainly due to maintenance of high-voltage equipment, tight supply, and strong quotes from merchants. As the end of the month approaches, polyethylene spot resources will decrease and pre-sales will increase. On the demand side, it is transitioning from the off-season to the peak season, and demand has improved. The agricultural film industry has started to recover, but after the market rebound, transactions are following cautiously, limiting the upward space for prices. On the cost side, the recent high volatility of international oil prices has provided some bottom support for polyethylene. The Chinese government is about to launch a comprehensive rectification of the petrochemical and refining industries, and domestic policies are favorable for the polyethylene market.
Short term supply pressure has eased to some extent; September is the traditional peak season for polyethylene, and there is a positive expectation for demand. However, downstream enterprises are currently purchasing according to demand, and their attitude is relatively cautious; Boosted by domestic policies; It is expected that polyethylene will mainly experience strong fluctuations.