November 14, 2022
On August 8, the spot price of PE in China decreased slightly, by 50-100 RMB/ton. International crude oil futures prices fell on November 7, which was bad for the market. The shutdown devices of PE production enterprises have been started successively. The output has increased compared with last week, and the market supply pressure is expected to increase. The demand for agricultural film is gradually weakening, and the peak season is nearing the end. It is expected that China PE market will still decline in the short term.
