1. Focus Points

1, 3/4: The U.S. tariff hike policy has sparked potential trade dispute risks, coupled with OPEC+ planning a slight increase in production from April, leading to a decline in international oil prices. NYMEX crude oil futures 04 contract fell by $0.11 to $68.26 per barrel, down -0.16% month-over-month; ICE Brent crude futures 05 contract fell by $0.58 to $71.04 per barrel, down -0.81% month-over-month. China's INE crude oil futures main contract 2504 fell by 7.7 to 531.5 yuan per barrel, and further dropped by 12.7 to 518.8 yuan per barrel in the night session.

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

3, Last week (20250221-0227), 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% compared to the previous period.

2. Price List

3. Market Outlook

The prices of recycled PE are adjusted according to the market, with real transactions continuing through negotiations. Entering the traditional peak consumption season in March, the operation rates of upstream and downstream manufacturers in the industry chain are gradually increasing. As the weather warms up, the efficiency of raw material recovery improves, but relative to demand, the overall supply remains tight, with high costs providing firm support for recycled granules. Although there is an atmosphere of peak season, prices are unlikely to see significant adjustments due to demand constraints, so short-term quotations will remain stable.