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SunSirs: On April 21, the PE Spot Market Adjusted within a Narrow Range
April 22 2022 08:51:19SunSirs(John)

Price trend

On the 21st, the three major varieties of PE spot market continued to maintain a stable and adjusted situation. The quotations in the large area fluctuated within a narrow range, with ups and downs. Among them, the adjustment range in East China was 50-100 RMB/ton.

Analysis review

The small rise in international crude oil in the morning brought a certain boost to the market. The May Day holiday is coming, and there is a certain demand for replenishment in the downstream before the holiday, and the enthusiasm for entering the market has improved slightly.

Market outlook

It is expected that the spot market price of PE may be firm in the short term.

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