【Recycled PE Morning Update】Recycled material supply is relatively sufficient, and recycled PE shows a stable yet slightly weak trend.
1. Points of Attention
1. 3/31: The U.S. indicated that it does not rule out the option of military action against Iran, raising market concerns over potential supply risks and driving up international oil prices. NYMEX crude oil futures for May delivery rose by $2.12 to $71.48 per barrel, up 3.06% month-on-month; ICE Brent crude futures for May delivery increased by $1.11 to $74.74 per barrel, up 1.51% month-on-month. China's INE crude oil futures main contract for May fell by 4.3 to 537.4 yuan per barrel, while the night session saw a rise of 16.5 to 553.9 yuan per barrel.
The domestic polyethylene market saw narrow adjustments the previous day, with a range of 2-9 yuan/ton. Influenced by macroeconomic news, market sentiment was bearish. Traders continued to offer slight discounts to sell their goods, and the overall atmosphere was lackluster.
3. Last week (20250321-0327), the overall operating rate of agricultural film increased by 0.35% compared to the previous period; the operating rate of PE pipes increased by 2.83% compared to the previous period.
Price List
Unit: yuan/ton
Type |
product |
Region |
March 31 |
March 28th |
Rise and fall rate |
Low pressure |
Wahaha white first-class granules |
Baoding Market |
5500 |
5500 |
0 |
Low pressure |
Soy sauce pot with white transparent particles |
Baoding Market |
6500 |
6500 |
0 |
Low pressure |
Dark green fishing net primary particles |
Jiangsu Market |
6300 |
6300 |
0 |
high pressure |
High-pressure white transparent primary granulation |
Shandong market |
6400 |
6400 |
0 |
High pressure |
EVA granulation |
Ju County Market |
6200 |
6200 |
0 |
high pressure |
High-pressure white transparent first-grade granules |
Foshan Market |
6400 |
6400 |
0 |
Note: |
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1. The above RMB prices are all ex-factory cash prices. |
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2. The two-period prices refer to the point-in-time prices from the two previous working weeks before this week, not the weekly average prices. |
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The translation is: "3. The涨跌率is the rate of change compared to the previous period." However, for better clarity in English, it might be more appropriately translated as: "3. The涨跌率is the rate of change compared to the previous period or环比变化率." Or simply: "3. The涨跌率is the环比变化率." Note: "涨跌率" directly translates to "fluctuation rate" or "change rate," and "环比变化率" specifically means "rate of change compared to the previous period." |
Three, Market Outlook
The recycled PE market is showing a stable but slightly weak trend. Although it is still during the peak demand season, the performance of the demand side is average. Downstream manufacturers are cautious in purchasing, mostly meeting their immediate needs, and the market trading atmosphere is quiet. In terms of supply, there is a relatively sufficient supply of recycled materials, but affected by the price fluctuations of new materials, the price advantage of recycled PE has diminished. Some manufacturers are broadening their negotiation ranges to promote sales, and actual transaction negotiations are the main focus.
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