July 25, 2022
Price trend
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.
Analysis review
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.
Market outlook
It is expected that the PE market will remain weak in the short term, and there is still room for downside
