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【Regenerated PE Morning Tips】Short-term demand remains weak, regenerative PE prices consolidate.

Longzhong 2025-03-26 09:04:12

I. Focus Points

On March 25, peace talks between Russia and Ukraine continued to progress, but the situation in the Middle East remained uncertain, leading to fluctuating international oil prices. The NYMEX crude oil futures contract for May fell by $0.11 per barrel to $69.00, a decrease of -0.16%; the ICE Brent crude oil futures contract for May rose by $0.02 per barrel to $73.02, an increase of +0.03%. China's INE crude oil futures main contract for May increased by 4.0 to 537.3 yuan per barrel, with the night session increasing by 1.3 to 538.6 yuan per barrel.

On the previous day, the domestic polyethylene market showed mixed trends, with fluctuations ranging from 1 to 15 yuan per ton. Cost support has strengthened, and as the end of the month approaches, resources are tight, leading traders to slightly raise prices for sales. However, downstream resistance to price increases has resulted in slower transactions.

Last week (20250314-0320), the overall开工 rate of agricultural films increased by 1.05% compared to the previous period; the开工 rate of PE pipe materials increased by 3.17% compared to the previous period. Note: It seems there is a placeholder or missing word in Chinese for "开工率" which is translated as "开工" here. Typically, it would be "working rate" or "operational rate." If you provide the accurate term, I can refine the translation accordingly.

II. Price List

Unit: yuan/ton

III. Market Outlook

Reclaimed PE prices are consolidating. Currently, there are insufficient利好因素 in the market, and short-term demand remains weak. Downstream manufacturers have few orders and maintain a cautious attitude, purchasing on an as-needed basis without high acceptance of高价货源. Reclaimed producers are operating flexibly, leading to a gradual increase in supply, making overall货源supply relatively abundant in the short term. Substitute material prices continue to weaken, exerting downside pressure on the reclaimed materials market. It is anticipated that the market will remain sluggish in the near term, with prices continuing to consolidate弱市.

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【Regenerated PE Morning Tips】Short-term demand remains weak, regenerative PE prices consolidate.

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