July 25, 2022
On July 21, the domestic PE market is mainly downward weakly, and the ex-factory price of PE in petrochemical enterprises is lowered by 50-200 RMB/ton.
The international crude oil price fell, and the support brought by the cost was insufficient. In addition, the terminal demand is weak, the market trading atmosphere is limited, merchants have a bad mentality, most of them make deals through profit-cutting, and the market price is lowered accordingly.
It is expected that the PE market will remain weak in the short term, and there is still room for downside
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|Mr. Anna qian