China PE Spot Market was mainly Weak on October 13

October 17, 2022

Latest company news about China PE Spot Market was mainly Weak on October 13

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.

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