HDPE Raffia Price Slips in May
In May, market prices of HDPE raffia in North China and South China inched down, while that in East China fluctuated within small ranges. The LLDPE futures market went down. In the meantime, producers lowered the PE EXW prices consecutively. Holders of resources mostly cut down the offers accordingly. However, most downstream users adopted a cautious stance, so the actual trading activity was thin. Prices of some HDPE raffia grades were relatively firm due to the supply constraints. As for downstream industries, the demand for PE functional film was still weak. The operating rate was low as the subsequent orders were limited. The demand season for EVA agricultural film and PO film passed. As for mulch film, most plants shut down the units as the demand basically ended, with only a few large plants maintaining low output. Orders at other downstream plants were average, and the buying appetites were weak. The overall transaction situation was slightly weaker than other PE products such as LDPE and LLDPE, due to the inconspicuous peak and slack seasons and the limited application fields.
...
