1Today's Summary

①、On March 25: The talks between Russia and Ukraine continue to progress, but at the same time, the situation in the Middle East remains uncertain, with international oil prices fluctuating.

②, HD TodayPrice adjustment range is 2-10 yuan/ton; LDPE market price has decreased by 6 yuan/ton.The price has fallen by 10 yuan per ton.

2Spot GoodsSummarizeCondition

Based on the Shandong and Hebei regions, today the price of Hebei high-pressure white transparent first-grade granules is 6,400 yuan/ton, Juxian EVA granules are 6,100 yuan/ton, and Hebei Wahaha white particles are 5,500 yuan/ton. The quoted prices are stable and in line with morning expectations.Downstream manufacturers currently have few orders and are relatively cautious, with low enthusiasm for purchasing raw materials. Affected by this, the operating sentiment of secondary market participants has been suppressed, leading to a decline of 100 yuan per ton in the price of recycled PE low-pressure破碎料in some areas, while other报价 remain stable.

3Production Dynamics

Last week, the capacity utilization rate of the recycled PE market saw a slight adjustment, with the current operating rate at 25.5%, an increase of 0.5 percentage points compared to last week. At present, the overall performance of orders from terminal product manufacturers is poor, and downstream procurement enthusiasm for raw materials is insufficient. Currently, recycled manufacturers have a general production enthusiasm, mainly maintaining flexible production schedules. This week, the overall operation of the recycled PE market has not fluctuated significantly.

4Price Prediction

The regenerative PE market is operating weakly, with prices mostly adjusting accordingly. There are insufficient positive factors in the market, and short-term demand continues to be sluggish, resulting in an inactive trading atmosphere. Downstream manufacturers have few orders, and their mentality is cautious, with buying on an as-needed basis being the main trend; they are not very accepting of high-priced supplies. Regenerative producers are adapting their production flexibly, leading to a gradual increase in supply, and the overall supply of materials is relatively ample in the short term. The substitute product prices continue to weaken, which is bearish for the regenerative material market. In summary, there is currently no strong support for favorable conditions in the near-term regenerative market, and traders' quotations are stable, with most actual deals conducted through negotiation.

5Product Information

PE market:Today's domestic polyethylene spot market prices generally fell. Although some companies have maintenance plans, which somewhat alleviates the pressure on the supply side, the demand has not followed suit, and downstream procurement enthusiasm is low, leading to merchants reducing prices under pressure to sell goods. At the same time, some resources have seen price increases due to tight supply, but overall market sentiment remains bearish, lacking strong favorable factors to boost market confidence, and the overall trading atmosphere remains sluggish. HDPE market prices adjusted by 2-10 yuan/ton; LDPE market prices decreased by 6 yuan/ton; LLDPE market prices decreased by 10 yuan/ton.