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This week, as cold winds swept across the rivers, the polyethylene market experienced a sharp price increase, triggering a wave of upward momentum. The market atmosphere remained lively, with limited supply of high-density polyethylene (HDPE) film materials leading to a reluctance among some traders to sell, which further fueled the price rise.
In East China, overall transaction sentiment improved, with HDPE prices rising significantly, while low-density polyethylene (LDPE) saw increased trading volumes. Linear low-density polyethylene (LLDPE) remained relatively stable. At the start of the week, the supply of HDPE film material MH602 was tight, and shipments were smooth. However, LLDPE sales slowed down compared to previous periods, with prices holding steady between 10,400 and 10,450 yuan per ton.
In South China, polyethylene prices continued to climb, supported by strong transaction volumes. LDPE prices were pushed higher due to increases in other polyethylene varieties. The impact of HDPE film material shortages on petrochemical plant operations led to higher trader quotations, and the situation for receiving goods from downstream factories improved slightly. Most traders focused on clearing their inventory.
In North China, the polyethylene market showed an active tone at the beginning of the week, with traders raising offers and showing strong speculative intentions. However, downstream manufacturers remained cautious, and there was no significant increase in transaction volumes. HDPE film prices rose to between 10,900 and 11,000 yuan. As several petrochemical companies raised their factory prices, market prices continued to climb, though trading activity slowed slightly. Due to low supply of certain brands, some merchants hesitated to sell. HDPE varieties showed a slight upward trend, with 5000S priced at 10,850–10,900 yuan and E52009/53EA010 at 10,850 yuan. HDPE film materials, affected by shortages, saw strong price support, with 6098 priced at 10,900 yuan and MH602 at 10,800 yuan. Qilu Chemical City saw a sharp rise in polyethylene prices this week, with TN26 and 7042 both quoted at 10,450 yuan, and 6098 HDPE film material at 10,900 yuan.
Currently, traders are actively speculating to push prices higher, with quotes increasing steadily. However, actual transaction volumes remain limited. HDPE film materials, impacted by petrochemical plant shutdowns, face tighter supplies, leading to soaring prices. Industry insiders expect the market to continue its upward trend, although the pace of increases may slow. Most varieties are expected to remain stable, with a few tight brands still drawing significant attention.