Regen PE PP Daily Review: Regen Enterprises Shipments Poor, Downstream Products Demand Weak

1 Today's Summary

① 、 4/23: Concerns over the prospects of US-Iran talks persist, the Strait of Hormuz remains obstructed, supply risks continue, and international oil prices rise.

② PE Market: Polyethylene market price adjustment, linear price range 8100-9300 yuan/ton.

③, PP Market: The futures market was fluctuating with a slightly strong trend, with the mainstream Lasi in East China ranging from 9000 to 9200 yuan/ton.

2. Overview of Spot Goods

Table 1 Domestic Recycled PE/PP Price Summary (Unit: Yuan/Ton)

Using Shandong and Hebei regions as the benchmark, today's recycled PE (Hebei high-pressure white transparent grade A pelletized) settled at RMB 6,100/ton, Ju County EVA pelletized at RMB 5,600/ton, Shandong Wahaha white pellets at RMB 5,150/ton, and recycled PP (white transparent premium grade A pellets) at RMB 5,900/ton. Market quotations remained stable, with enterprises continuing to fulfill orders from existing clients, and a cautious, wait-and-see sentiment persisting in the market.

Figure 1 Domestic Recycled PE Price Trend (2025-2026) (RMB/ton)	Figure 2 Domestic Recycled PP Price Trend (2025-2026) (RMB/ton)
Data Source: Longzhong Information	Data source: Longtou Information

3. Price Forecast

The price of new materials in the domestic market remains in a narrow and weak range. The purchasing demand from downstream plastic product enterprises continues to be weak, and manufacturers are mainly replenishing stocks based on rigid demand, with a generally cautious operating mentality. As the price transmission along the industrial chain gradually materializes, recycled plastic producers have started to show signs of offering discounts to move inventory, and the market is filled with a strong wait-and-see sentiment, with limited actual transactions. It is expected that in the short term, the price of recycled plastics will continue to maintain a stable but slightly weak trend.

4. Relevant Product Information

PE Market ： Polyethylene Market Price Adjustment: Linear LDPE transaction prices range from RMB 8,100 to 9,300 per metric ton. International oil prices have risen, strengthening cost-side support; however, downstream procurement remains cautious and restocking has slowed. Market participants are selling at prevailing prices, with partial price adjustments observed and overall transaction activity weak. North China’s LL prices rose by RMB 30 per metric ton, East China’s fell by RMB 50 per metric ton, and South China’s remained stable; prices are expected to be announced this afternoon. Polyethylene Market Price adjustment is the main focus.

PP Market: The futures market exhibited a volatile but slightly stronger trend today. The spot price of polypropylene adjusted within a narrow range, while downstream buyers showed weak purchasing enthusiasm, resulting in generally sluggish trading activity. However, with high production costs, suppliers were reluctant to offer discounts, and most quotations remained stable. As of midday, the mainstream prices for homopolymer PP in the East China region stood at RMB 9,000–9,200 per ton.