In terms of imports, according to customs data, the domestic PE import volume in October 2023 was 1.2241 million tons, including 285700 tons of high-pressure, 493500 tons of low-pressure, and 444900 tons of linear PE. The cumulative import volume of PE from January to October was 11.0527 million tons, a decrease of 55700 tons compared to the same period last year, a year-on-year decrease of 0.50%.
It can be seen that the import volume in October decreased slightly by 29000 tons compared to September, a month on month decrease of 2.31%, and a year-on-year increase of 7.37%. Among them, the high pressure and linear import volume decreased slightly compared to September, especially with a relatively large reduction in linear import volume. Specifically, the import volume of LDPE was 285700 tons, a month on month decrease of 3.97% and a year-on-year increase of 12.84%; The import volume of HDPE was 493500 tons, a month on month increase of 4.91% and a year-on-year decrease of 0.92%; The import volume of LLDPE was 444900 tons, a month on month decrease of 8.31% and a year-on-year increase of 14.43%. The domestic market demand for silver has fallen short of expectations, and the overall performance is average, with more just needed restocking as the main focus. In addition, the arbitrage space for foreign offers is relatively small, so the takeover is relatively cautious. In the future, with the appreciation of the RMB being favorable, merchants have increased their willingness to take orders, and there is an expectation of a rebound in imports. It is expected that polyethylene imports will maintain a growth trend in November.
Post time: Nov-30-2023