【PE Morning Tips】Upstream prices continue to be supported, with limited improvement in supply and demand margins. The PE market is operating in a volatile manner.

One, Focus Areas

1 Cost end: Market focus shifted from sanctions on oil-producing countries to the US tariff policy, raising concerns about a drag on demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures for May contract fell by $0.28 to $71.20 per barrel, down 0.39% month-on-month; ICE Brent futures for June contract (rolled over) dropped by $0.28 to $74.49 per barrel, down 0.37% month-on-month. 。

2 Currently available parking facilities: Currently, parking devices involve 18 sets of polyethylene units, with new maintenance of units at Liaoyang Petrochemical, Daqing Petrochemical, and Sichuan Petrochemical added.

3 Yesterday's market review: On the previous day, the domestic polyethylene market mostly fell, with a range of 2-15 yuan per ton. The market is currently saturated with spot goods, and downstream buyers are resistant to high prices. Traders continue to offer slight discounts to sell their goods, creating a cautious atmosphere.

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

II. Price List Form

Data source: Longzhong Information

Three, Market Outlook

Maintenance activities have increased, and upstream players continue to maintain their prices in the short term. Downstream buyers are making necessary purchases before the holiday, and market sentiment is relatively cautious. In the short term, there is limited improvement in supply and demand dynamics, and the polyethylene market is expected to fluctuate.

Data Calendar