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[Spot prices in the PE market were boosted by crude oil and macro positive newsplaypokerfreewithfriends, there may be expectations of a fall after short-term high shocks.]
On May 17, the spot price in the PE market showed a turbulent upward trend due to the rise in crude oil prices and macro positive news. After the opening of the day, linear futures showed a volatile upward trend, further pushing up spot prices. However, downstream market demand has entered the off-season, and the mainstream price of LLDPE in North China is between 8,450 - 8,600 yuan/ton, an increase of 20-70 yuan/ton from the previous working day.
Although macro news has had a positive impact on the market, its impact is relatively limited in the short term. Market participants should continue to pay attention to changes in supply and demand fundamentals. Although the recent production losses caused by domestic PE inspections are relatively high, the weakening of market demand will have a negative impact on the market. Therefore, it is expected that in the short term, the PE market may fall back after experiencing high shocks.