October 17, 2022
On October 13, the domestic PE spot market was mainly weak, and the factory prices of the three major varieties fell to varying degrees, ranging from 50-150 yuan/ton. International crude oil has successively lowered the negative market mentality. Although agricultural film is in the peak demand season, the downstream operating rate is low. With the completion of a new round of replenishment, the enthusiasm for entering the market has weakened. The majority of traders follow the downward quotation, mainly for shipment. It is estimated that there is still a possibility of decline of China PE market in the short term.
