Pe morning alert: Strong Supply, Weak Demand, Prices Slightly Decline

Focus points

1 Cost End: The second round of talks between the US and Iran has not yet been officially finalized, and the Strait of Hormuz remains blocked, increasing concerns about supply risks and leading to a rise in international oil prices. NYMEX crude oil futures for May rose by $5.76 per barrel to $89.61, a 6.87% increase; ICE Brent crude oil futures for June rose by $5.10 per barrel to $95.48, a 5.64% increase.

2 Current parking device: Currently, the parking facilities involve 35 polyethylene plants, with the addition of maintenance for the Jilin Petrochemical plant.

3 Yesterday's Market Recap: Domestic polyethylene prices declined by 48–124 RMB/ton the previous day. Suppliers reduced ex-factory prices, and the market continued offering discounts to facilitate sales, while downstream buyers remained cautious.

Core logic: Translate the above content into English, output the translation result directly without any explanation. Strong supply and weak demand, slight price decline trend

II. Price Form

III. Market Outlook

Fundamentally, increased maintenance activities have alleviated supply pressure; downstream operating rates have declined, leading to a month-on-month reduction in purchases. With supply outpacing demand, prices have shown a slight downward trend. For reference only ）

IV. Data Calendar