1. Cost End: The potential risk of trade disputes triggered by the US tariff hike policy, coupled with OPEC+ slightly increasing production from April, led to a decline in international oil prices. NYMEX crude oil futures for April fell 0.11 USD/barrel to 68.26, a decrease of -0.16% month-over-month; ICE Brent crude oil futures for May fell 0.58 USD/barrel to 71.04, a decrease of -0.81% month-over-month.

2. Current Shutdown Units: Currently, 15 polyethylene units are shut down, with newly added maintenance at Sino-Korean Petrochemical and a company in Tianjin.

3. Yesterday's Market Review: The domestic polyethylene market saw mixed performance the previous day, with fluctuations ranging from 1 to 13 CNY/ton. Spot supply remains relatively abundant, and the market is cautious about price hikes, mainly making minor adjustments. No significant increase in transactions was observed.

Core Logic: The polyethylene spot market is operating with volatility.

2. Price Table

Data Source: Longzhong Information

3. Market Outlook

In the short term, upstream continues to hold prices firm, with increased maintenance leading to a reduction in supply pressure; downstream resists high prices, adhering to buying on dips. Overall, the supply and demand balance is maintained, and a volatile trend is expected.