I. Key Points of Focus

1. Cost End: The market is concerned that the additional tariffs imposed by the US could drag down the global economy and demand, and it remains uncertain whether OPEC+ will postpone its production increase plan. International oil prices have fallen. The NYMEX crude oil futures 04 contract dropped by $1.39 per barrel to $68.37, a decrease of -1.99% month-over-month; the ICE Brent oil futures 05 contract (after rolling over) fell by $1.19 per barrel to $71.62, a decrease of -1.63% month-over-month.

2. Current Shutdown Units: Currently, there are 13 polyethylene units under shutdown, with no new maintenance plans added.

3. Yesterday's Market Review: The domestic polyethylene market saw mixed performance the previous day, with fluctuations ranging from 2-19 yuan/ton. Positive macroeconomic factors, coupled with limited spot resources at the beginning of the month, led traders to cautiously raise prices, and low-price deals were well-received in the market.

Core Logic: The spot polyethylene market is showing a slightly strong trend amidst volatility.

II. Price Table

III. Market Outlook

In the short term, inventory levels are relatively low compared to the same period last year, and supply pressures are not significant, supporting current price levels; demand is entering a small peak season, and there is still underlying demand. Overall, the supply-demand balance is easing, and it is expected to show a slightly strong trend amid fluctuations.

IV. Data Calendar