PE: The market adjusts flexibly based on supply and demand conditions!

Polyethylene (PE) Market: The atmosphere in the PE market this week has been flat, with the overall market remaining stable and local offers showing mixed performance. Looking at the market dynamics, the low-pressure market has performed relatively well, with fluctuating grades seeing more gains than losses; the high-pressure market prices have mainly stabilized, with sporadic adjustments ranging from 20 to 50 yuan; the injection molding grade in the linear market has seen a slight increase; and film materials have generally declined, with drops ranging from 20 to 500 yuan. Fundamentally, the PE market is temporarily unable to break free from the constraints of the supply-demand stalemate. Judging from the downstream performance, end-users' enthusiasm for receiving goods remains low this week, and the sluggish demand situation is difficult to improve, becoming the key factor dragging down the market. However, due to the successive stabilization of domestic petrochemical prices, coupled with the proactive price increase policy in some major regions of South China to support the market, and the overall scarcity of social resources, some offers have followed suit and seen a surge in prices.