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CN Blog
Polyethylene Market Update – March 28, 2026
I. Key Points
1. Cost Side:
The market is concerned that the situation in the Middle East may further escalate, and supply risks have not been eliminated. International oil prices have risen.
NYMEX crude oil May contract: $94.48/barrel, up $4.16 (+4.61%)
ICE Brent crude May contract: $108.01/barrel, up $5.79 (+5.66%)
2. Current Shutdown Units:
A total of 28 polyethylene units are currently under shutdown, with a new maintenance shutdown added at Qilu Petrochemical.
3. Market Review (Previous Day):
Domestic PE prices increased by 15–71 RMB/ton.
Offers remained firm, sellers mainly shipped at higher prices, and trading activity was relatively light
Core Logic:
Fundamentals remain strong; prices fluctuate at high levels
II. Price Table
| Product | Category | 2026/3/25 | 2026/3/26 | Change | Change % |
|---|---|---|---|---|---|
| HDPE | Low-pressure film grade | 9286 | 9343 | +57 | +0.61% |
| HDPE | Low-pressure low melt injection grade | 8851 | 8902 | +51 | +0.58% |
| HDPE | Low-pressure raffia grade | 9281 | 9296 | +15 | +0.16% |
| HDPE | Low-pressure small/medium blow molding | 9136 | 9160 | +24 | +0.26% |
| LDPE | High-pressure film grade | 10999 | 11070 | +71 | +0.65% |
| LLDPE | Film grade (MI=2) | 8785 | 8841 | +56 | +0.64% |
Source: Longzhong Information
III. Market Outlook
In the short term, geopolitical conflicts continue, and cost support remains strong.
Downstream operating rates are improving, but it is difficult for finished product prices to rise.
Fundamentals remain solid, and prices are expected to fluctuate at high levels.
(For reference only)
IV. Data Calendar
| Data | Release Time | Previous | Expected Trend |
|---|---|---|---|
| Total PE producer inventory (10,000 tons) | Wed 17:00 | 58.79 | ↘ |
| PE social warehouse inventory | Tue 17:00 | -1.97% | ↘ |
| Weekly PE production (10,000 tons) | Thu 17:00 | 63.22 | ↗ |
| Maintenance impact volume (10,000 tons) | Thu 17:00 | 13.94 | ↘ |
| PE capacity utilization rate | Thu 17:00 | 76.24% | ↗ |
| Downstream capacity utilization | Thu 17:00 | 2.17% | ↗ |
| PE market sentiment survey | Thu 00:00 | -4.95% | ↗ |
Source: Longzhong Information
Notes:
- ↓ ↑ indicate significant fluctuations (greater than 3%)
- ↗ ↘ indicate minor fluctuations (within 0–3%)
