[PE Daily Review] Continued Support from News, Prices Fluctuate at High Levels

1. Today's Summary

Spot Overview

Due to the high resource costs from previous pre-sales deliveries, market vendors continue to adopt a high pricing strategy. However, downstream buyers are cautious in their purchasing attitudes, and transactions primarily rely on negotiations and price discussions. In terms of specific price fluctuations, the HDPE market price changed by 30 to 94 yuan/ton, the LDPE market price increased by 164 yuan/ton, and the LLDPE market price rose by 93 yuan/ton.

3. Price Prediction

In the short term, pre-sales before the Spring Festival are still ongoing, and they overlap with the pre-sale orders in February, showing significant price differences. However, the overall increase in transaction focus has strengthened the production confidence of manufacturers, and the industry's overall load remains stable. In the short term, there are no new production facilities coming online, and social inventory pressure is manageable. Merchants are likely to maintain a high reporting mentality. Considering that today's high-level transactions faced obstacles, it is expected that tomorrow's polyethylene price increase will be limited, and it is likely to maintain a high-level operation trend.