I. Focus Points

On March 26, US crude oil and refined oil inventories decreased, coupled with unstable geopolitical situations, leading to an increase in international oil prices. The NYMEX crude oil futures May contract rose by $0.65 to $69.65 per barrel, an increase of 0.94%; the ICE Brent crude futures May contract rose by $0.77 to $73.79 per barrel, an increase of 1.05%. The main contract for China’s INE crude oil futures (2505) increased by 2.1 to 539.4 yuan per barrel, and rose by 3.5 to 542.9 yuan per barrel in night trading.

On the previous day, the domestic polyethylene market mostly declined, with a decrease of 4-10 yuan/ton. There is no shortage of spot market supply, and expectations of new production facilities coming online have led to a bearish sentiment among market participants. Traders continue to offer discounts to sell their goods, resulting in lackluster trading activity.

Last week (March 14-20, 2025), the overall operating rate of agricultural film increased by 1.05% compared to the previous period; the operating rate of PE pipes increased by 3.17% compared to the previous period.

Price List

Market Outlook

The prices of recycled polyethylene (PE) remain stable with slight adjustments, as some markets are digesting previous declines, leading to a short-term market dominated by consolidation. Currently, there are insufficient positive factors in the market, and short-term demand continues to be weak. Downstream users are purchasing based on demand or replenishing stocks at lower prices, resulting in an overall stable trading atmosphere. Recycled manufacturers are adjusting their production flexibly, and supply is gradually increasing, making overall supply relatively abundant in the short term. The prices of substitute materials continue to operate weakly, which is a negative factor for the recycled material market.