Polyethylene Weakens in Volatile Trading, Agricultural Film Prices Partially Decline

1. Market Focus This Week

1 The overall operating rate of agricultural film has declined compared to the previous period.

2 The order lead time for agricultural film sample enterprises has shortened compared with the previous period.

3 ) The raw material inventory days of sampled agricultural film enterprises decreased compared with the previous period.

2. Weekly Market Analysis

During the off-season for agricultural film demand, market trading has been sluggish. In addition, weaker raw material prices have reduced agricultural film costs, leading to downward adjustments in the high-end prices of some products. However, there are currently few actual market quotations, and profit margins for finished products are already limited, so overall prices for most products have remained stable. As of May 27, 2026, mainstream prices for double-protection film in North China were RMB 10,100–10,700/ton, while mainstream prices for mulch film were RMB 8,500–8,900/ton.

3. Market Impact Factor Analysis

1)      This week, international oil prices have fallen, primarily due to bearish factors: the market holds optimistic expectations for a peace agreement between the U.S. and Iran, as well as the reopening of the Strait of Hormuz, leading to a relaxation of geopolitical tensions and a diminished concern over supply risks.

2)      This week, amid expectations of easing tensions between the US and Iran,Crude oilContinuing the downward trend, as cost support weakens,Polyethylene MarketSentiment weakened, prices declined overall, and the market saw instances of inverted pricing.

3)      Due to the off-season impact, the demand for greenhouse films is gradually cooling down, with an increasing number of companies halting operations for maintenance, and the operating rate continuously declining. The demand for mulch films has basically stagnated, order accumulation continues to decrease, and the operating rate has further declined.

4. Next Week Market Forecast

Next week, the agricultural film market will remain dominated by off-season conditions, with demand unlikely to recover. Market orders are expected to stay at low levels, and producers will lack production momentum, leading to a continued slight decline in the overall operating rate. Raw material prices are likely to remain weak, and with insufficient demand support, agricultural film prices lack upward momentum. Overall prices are expected to remain stable with a weak bias. Mainstream quotations for dual-protection film in North China are expected to be 10,100-10,700 yuan/ton.