According to the data monitoring of business agency, the average ex factory price of LLDPE (7042) in East China was 8910.00 yuan / ton on February 1 and 8830.00 yuan / ton on February 28, with a decline of 0.90% during the month and an increase of 1.38% compared with January 1.

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) in East China was 12112.50 yuan / ton on February 1 and 11616.67 yuan / ton on February 28. The decline range in the month was 4.09%, down 1.76% compared with January 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 8966.67 yuan / ton on February 1 and 9050.00 yuan / ton on February 28, with an increase of 0.93% during the month and 4.36% compared with February 1.

In February, the polyethylene spot market rose and fell, showing an overall rise and fall trend. Among them, LLDPE and LDPE in East China mainly fell, HDPE mainly rose, and the fluctuation range in the month was limited. After the Spring Festival, due to the rise of international crude oil during holidays, the ex factory price of polyethylene market is mostly upward. However, the positive support of the market was limited, and then the polyethylene spot market began to go down. In terms of market supply, although some enterprises are overhauled, the supply is still sufficient. The operating rate of downstream enterprises has increased, but the overall market demand is still weak and the trading atmosphere is limited. The polyethylene market is weak.

In February, Liansu futures market fluctuated and fell, bringing Limited benefits to the spot market. On February 28, the opening price of polyethylene futures 2205 was 8820, the highest price was 8877, the lowest price was 8715, the closing price was 8835, the former settlement price was 8889, the settlement price was 8798, down 54, or 0.61%, the trading volume was 475602, the position was 310916, and the daily position was increased by – 4045. (quotation unit: yuan / ton)

At present, as a whole, the supply pressure in the PE market is relatively high, and the downstream demand does not improve until the end of the month. In terms of cost, the high international crude oil price supports the strong ethylene price. In addition, the new price of petrochemical enterprises increased slightly at the beginning of the month, which has given a certain boost to the market. It is expected that the price of PE spot market will rise in March or shock.