According to the data monitoring of the business agency, the average ex factory price of LLDPE (7042) in East China was 9250.00 yuan / ton on October 1 and 8920.00 yuan / ton on October 29, with a decline of 3.57% during the month and an increase of 8.12% compared with September 1.

According to the monitoring data of business agency, the average ex factory price of LDPE (2426h) in East China was 12962.50 yuan / ton on October 1 and 11975.00 yuan / ton on October 29, with a decline of 7.62% during the month and an increase of 5.62% compared with September 1.

According to the data monitoring of business agency, the average ex factory price of HDPE (5000S) in East China was 9333.33 yuan / ton on October 1 and 8933.33 yuan / ton on October 29, with a decline of 4.29% during the month and an increase of 2.10% compared with September 1.

In October, the domestic polyethylene spot market fell as a whole. The trend of the three varieties rose first and then fell, but the decline was greater than the increase. Among them, the decline of LDPE in East China was the most obvious, and LLDPE and LDPE also decreased in varying degrees. The PE spot market rose collectively in the first half of the month and fell collectively in the second half of the month. During the National Day holiday, the market trading was quiet, some merchants reported high, the ex factory prices of petrochemical enterprises increased one after another after the holiday, the futures market rose, the merchants’ mentality was strong, and the prices continued to rise. However, it is difficult to continue the rise in the middle of the month. There are strong negative factors in the market. Petrochemical enterprises collectively reduce the ex factory price, and Liansu futures fell significantly, which is bad for the mentality of the spot market. Affected by the intervention policy, the price of thermal coal fell, the coal output increased, the tight supply situation eased, the coal production capacity was released in stages, the coal price fell, and the cost side support weakened. In addition, the impact of power rationing on the terminal is still, the downstream demand is general, multi-dimensional just needs to enter the market, the overall transaction atmosphere of the market is poor, the merchant mentality is pessimistic, and the price follows the weakness.

Liansu futures fell mainly in October, which brought obvious bad news to the spot market. On October 29, the opening price of polyethylene futures 2201 was 8740, the highest price was 8885, the lowest price was 8715, the closing price was 8765, the former settlement price was 8700, the settlement price was 8785, up 65, or 0.75%, the trading volume was 478239, the position was 237343, and the daily position was increased by – 9036. (quotation unit: yuan / ton)

At present, the market lacks obvious benefits, and the overall trading atmosphere is poor. The overall trend of the three PE spot varieties is depressed. Near the end of the month, the ex factory price of petrochemical enterprises is still reduced, and the Liansu futures market fluctuates downward, bringing Limited benefits to the spot market. The downstream demand is general, multidimensional holds replenishment on demand, and the enthusiasm for entering the market is not good. PE spot market is expected to weaken in November.