[Recycled PE/PP Daily Review] New Material Continues Slight Weakening Trend Recycled Enterprises Show Cold Sales Performance

1 Today's Summary

① 、 On 4/17, Iran stated that it will allow merchant ships to pass through the Strait of Hormuz during the remaining period of the ceasefire, alleviating concerns over supply risks, and international oil prices fell sharply.

② PE Market:Polyethylene MarketPrices declined, with linear transaction prices ranging from RMB 8,180 to 9,400 per ton.

③ PP Market: The futures market is weak and fluctuating sideways.The mainstream price of cold-drawn wire in East China is between 9150-9250 yuan/ton.

2. Spot Market Overview

Table 1 Domestic Recycled PE/PP Price Summary Table (Unit: RMB/ton)

Based on the Shandong and Hebei regions, today's recycled PE Hebei high-pressure white transparent first-grade granules are priced at 6,250 yuan/ton, Juxian EVA granules at 5,600 yuan/ton, Shandong Wahaha white granules at 5,150 yuan/ton, and recycled PP white transparent premium first-grade granules at 5,900 yuan/ton. The market prices are stable, with companies continuing to ship orders to old customers, and the market bargaining atmosphere continues.

Figure 1: Domestic Recycled PE Price Chart for 2025-2026 (Yuan/Ton)	Figure 2: Domestic Recycled PP Price Trend Chart (RMB/ton), 2025–2026
Data source: Longzhong Information	Data source: Longzhong Information

3. Price Forecasting

The price of new materials in the domestic market continues to show a slight downward trend. The downstream plastic products enterprises have significantly increased their wait-and-see attitude, mainly focusing on purchasing for rigid demand replenishment, with overall operations becoming more cautious. As the price transmission along the industrial chain gradually takes effect, recycled plastic manufacturers are showing signs of offering discounts to move inventory. The overall market is characterized by a strong wait-and-see atmosphere, with limited actual transactions. It is expected that in the short term, the market price of recycled plastics will maintain a steady but slightly weak trend.

4. Relevant Product Information

PE Market ： Polyethylene Market Prices declined, with linear LDPE transaction prices ranging from RMB 8,180 to 9,400 per ton. Macro-level uncertainties remain pronounced; some producers face relatively high inventory pressure and are actively cutting prices to expedite sales. Market participants are selling at prevailing prices, resulting in predominantly falling market prices and generally weak trading activity. In North China, LDPE prices dropped by RMB 70 per ton; in East China, by RMB 50–100 per ton; and in South China, by RMB 50–100 per ton. Prices are expected to decline further this afternoon. Polyethylene market The price decline is the main trend.

PP Market: