Regenerated pe/pp daily report: Downstream Demand Remains Weak, Regeneration Enterprises Face Poor Sales

1 Today’s Summary

① 、 April 27: U.S.-Iran talks have stalled, navigation through the Strait of Hormuz remains disrupted, and international oil prices have risen.

②, PE Market: Polyethylene market prices rose, with linear grades trading at RMB 8,180–9,300 per ton.

③, PP Market: Futures fluctuated higher, boosting market sentiment, with mainstream drawing in East China ranging from 9150 to 9300 yuan/ton.

2. Overview of Spot Goods

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

Based on the Shandong and Hebei regions, today's recycled PE high-pressure white transparent first-grade granules in Hebei are priced at 6100 RMB/ton, Juxian EVA granules at 5600 RMB/ton, Shandong Wahaha white granules at 5150 RMB/ton, and recycled PP white transparent high-quality first-grade granules at 5900 RMB/ton. The market price quotations are stable, with companies continuing to ship orders to old customers, and the market's bargaining atmosphere continues.

Figure 1: Domestic Recycled PE Price Trend Chart (2025–2026) (CNY/ton)	Figure 2: 2025-2026 Domestic Recycled PP Price Trend (RMB/ton)
Data Source: Longzhong Information	Data source: L&F Information System

3. Price Forecast

Recently, domestic virgin plastic prices have continued to show mixed trends. Futures prices have slightly risen, driving a modest rebound in spot prices. However, recycled plastic producers are facing gradually increasing inventories and a slight decline in operating rates. Coupled with weaker-than-expected downstream demand for plastic products, market participants are mainly offering slight discounts to move recycled material. With limited near-term supportive factors and persistent weakness in demand, prices are expected to trend sideways to weaker in the short term.

4. Related Product Information

PE Market ： The market price of polyethylene has risen, with linear deals ranging from 8,180 to 9,300 yuan/ton. It is understood that with the rise in international oil prices, the cost support has strengthened. Before the short holiday, downstream factories maintained inventory, enhancing market support. However, market participants lack confidence in the future, being cautious about price hikes, focusing mainly on active sales, with some transactions at lower prices. In North China, the price of LL polyethylene has increased by 80 yuan/ton, while in East China and South China, it has risen by 50 yuan/ton. It is expected that the price of polyethylene will mainly rise in the afternoon.

PP Market: Futures markets experienced a volatile uptrend, boosting market sentiment. In the morning session, most quotation prices rose, with increases ranging from RMB 50 to 100 per metric ton. Robust cost support and tightening spot supply nearing month-end provided underlying support; however, downstream buyers resisted high prices, purchasing mainly on a just-in-time basis. The market is expected to remain range-bound and consolidative in the near term. As of midday, the mainstream prices for wire rod in East China stood at RMB 9,150–9,300 per metric ton.