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SunSirs: China PE Market Continued to Rise on November 25
November 27 2020 10:25:05SunSirs(Selena)

On November 25, the three major PE varieties in the spot market rose to varying degrees. Petrochemical enterprises continued to raise the ex factory quotation, with the adjustment range of 100-300 RMB/ ton, and the increase rate was slightly narrowed. High pressure market continued to lead the rise, linear and low pressure followed. Recently, international crude oil continued to rise, and the news brought certain benefits to the market. However, the decline of futures market had a certain impact on the market, and some spot areas fell. At present, the business mentality is good, positive shipment. However, there is no significant improvement in downstream demand. It is expected that China PE market may fall in the short term.

 

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