There were significant differences in spot varieties in July. LLDPE in East China showed a trend of first falling and then rising in the month, LDPE showed a continuous rising trend in the month, and HDPE showed a trend of first rising and then falling in the month. However, on the whole, the fluctuation range of the three spot varieties is limited, as follows:

According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8300.00 yuan / ton on July 1 and 8383.33 yuan / ton on July 26. The increase rate in July was 1.00%, an increase of 16.98% compared with the same period last year.

According to the data monitoring of business agency, the average ex factory price of LDPE (2426h) in East China was 10500.00 yuan / ton on July 25 and 10575.00 yuan / ton on July 26. The increase rate in July was 1.00%, an increase of 16.98% compared with the same period last year.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9133.33 yuan / ton on July 25 and 9133.33 yuan / ton on July 26. The increase rate in July was 1.00%, an increase of 16.98% compared with the same period last year.

Overall, LLDPE and LDPE rose and HDPE fell in July. Among them, LDPE increased most significantly, with an increase of more than 4%. LLDPE and HDPE were mainly multi horizontal consolidation, with limited fluctuation range. In the first half of July, most petrochemical enterprises raised the ex factory price, the international crude oil rose, the cost support was ok, the market trading atmosphere improved, the merchant’s quotation followed the market, the main actors of LDPE and HDPE, and LLDPE fell slightly under the influence of the futures market. In the second half of the month, LLDPE stopped falling upward, LDPE continued to push up, and HDPE turned down. The centralized maintenance of linear coal chemical plant is mainly focused, and the supply of low-cost goods is relatively small. In addition, the volatility of the futures market has increased, which has brought some support to the spot market. Due to low production capacity, the price of high pressure is relatively strong. The low-voltage market will reduce the price according to the situation. At present, the terminal is cautious in taking goods and mainly replenishing them as needed.

In the upstream ethylene market, the external ethylene market has shown an overall upward trend recently. The price of ethylene in Asia is stable. As of the 22nd, CFR Northeast Asia closed at USD 1001-1011 / ton and CFR Southeast Asia closed at USD 966-976 / ton. The price center of ethylene market in Europe moved upward. As of the 22nd, FD northwest Europe closed at US $1160-1170 / ton and CIF northwest Europe closed at US $1063-1071 / ton. The price of ethylene in the United States is stable. As of the 22nd, the price is US $1045-1062 / T. recently, the external ethylene market fluctuated and rose. The increase of ethylene in the United States in the early stage is relatively large and stable in the near future. Generally speaking, the overall ethylene external market demand is good recently, the purchasing atmosphere is active, the transaction is good, and the center of gravity of ethylene market moves upward.

On July 26, the opening price of polyethylene futures 2109 was 8315, the highest price was 8335, the lowest price was 8160, the closing price was 8165, the former settlement price was 8345, the settlement price was 8240, down 180, down 2.16%, the trading volume was 424648, the position was 306683, and the daily position was increased by – 3926（ Quotation unit: yuan / ton)

At present, Liansu futures market is opening lower and lower, petrochemical prices rise and fall differently, and the positive support of the market is limited. In terms of demand, it is expected that there will be a slight increase in the later stage of agricultural film, and the operating rate of pipes will decrease significantly. In terms of inventory, there is no obvious inventory pressure in the upstream, and the downstream maintains replenishment on demand and continues the negotiation mode. The mentality of merchants is general, and the market offer fluctuates in a narrow range. It is expected that the PE spot market may rise slightly in August.