The domestic market of PE blow molding grade trended weaker last week with prices edging down. A number of HDPE production units resumed operation in succession, leading to a notable supply increase. Several units entered scheduled maintenance, yet the impact on overall supply was limited. The production proportion of PE blow molding grade also stood above the annual average.
Downstream demand remained sluggish. Operating rates of downstream enterprises declined amid insufficient new orders, and manufacturers mainly fulfilled existing orders. Social inventories rose, and raw material stock at end-users also climbed, reflecting weak purchasing willingness. International crude oil prices dipped, eroding cost support. Most traders cut offers, while minor price hikes in a few regions due to tight supply failed to reverse the overall downward trend.
In the short term, the pattern of rising supply and weak demand will persist. Crude oil prices are expected to stay under pressure, putting PE blow molding grade in a volatile and downward market. Market participants shall keep a close eye on the resumption of production units, global crude oil trends and the recovery of end-user demand.
Post time: Jun-09-2026