1. Focus Points

1, 3/3: Concerns over the U.S. imposing additional tariffs, which may drag down the global economy and demand, coupled with uncertainty about whether OPEC+ will postpone its production increase plan, led to a decline in international oil prices. The NYMEX crude oil futures contract for April (04) fell by $1.39 per barrel to $68.37, a decrease of -1.99% from the previous day; the ICE Brent oil futures contract for May (05) fell by $1.19 per barrel to $71.62, a decrease of -1.63%. China's INE crude oil futures main contract 2504 dropped by 3.3 to 539.2 yuan per barrel, and during the night session, it further declined by 12.7 to 526.5 yuan per barrel.

2, On the previous day, the domestic polyethylene market saw mixed price movements, with fluctuations ranging from 2-19 yuan/ton. Supported by macroeconomic benefits and limited spot resources at the beginning of the month, traders tested small increases, and low-priced goods were well received in the market.

3, In the week of February 21-27, 2025, the overall operating rate of agricultural films increased by 7.19% compared to the previous period; the operating rate of PE pipes increased by 1.17%.

2. Price List

Unit: yuan/ton

3. Market Outlook

The prices of recycled PE adjusted according to the market, with actual transactions continuing through negotiations. Entering the traditional peak consumption season in March, the operational rates of manufacturers across the industrial chain gradually increased. As the weather warms up, the efficiency of raw material recovery improves, but overall supply remains tight compared to demand, with high costs providing solid support at the bottom. Although there is an atmosphere of peak season, prices are unlikely to see significant adjustments due to demand constraints, so short-term quotations will mainly remain stable.