According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LLDPE (7042) was 8622 yuan/ton on July 1, and the average price was 8404 yuan/ton on July 31, with a price drop of 2.53% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of LDPE (2426H) was 10650 yuan/ton on July 1st, and the average price was 9950 yuan/ton on July 31st, with a price drop of 6.57% during this period.

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic price of HDPE (5000S) was 8595 yuan/ton on July 1st, and the average price was 8137 yuan/ton on July 31st, with a price drop of 5.32% during this period.

The trend of polyethylene continued to decline in July, with high-pressure products experiencing a significant decline. The international crude oil market fluctuated weakly in July, and the cost side was somewhat bearish on the polyethylene market. With the gradual restart of the polyethylene maintenance equipment in the early stage, there is an expected increase in the supply side. On the demand side, it is in the traditional off-season, with a decrease in the operating rate of downstream product industries, limited order follow-up, a bearish market mentality, and a poor atmosphere for on-site transactions; There is no positive news in the macro aspect; There are many negative factors, with production companies continuously lowering their quotes and traders subsequently lowering their prices, with a focus on offering discounts for shipments.

On July 30th, the Dalian Commodity Exchange polyethylene L2409 contract opened at 8234 yuan and closed at 8172 yuan, a decrease of 78 yuan, with a high of 8245 yuan and a low of 8164 yuan, a decrease of 0.95%. The polyethylene futures market fell weakly in July, and the bearish futures market suppressed the spot market.

The high-pressure unit of Qilu Petrochemical will start operating at the end of July, and other units will also be restarted gradually; In addition, the LLDPE and LDPE units of Zhongtian Hechuang were restarted at the end of July and are currently in operation; The maintenance of newly added devices in August has decreased, and there are expectations of an increase in the supply side; The demand for PE market may begin to rebound in mid to late August, and agricultural film will enter the seasonal peak season in September. At the beginning of August, market demand may not increase significantly, and there is currently no positive support. It is expected that polyethylene will continue to operate weakly in the short term.