Commodity News
SunSirs: China PE Spot Market Continued to be Weak on November 4
November 05 2021 14:15:45 SunSirs (Selena)
On November 4, the three major varieties of PE in the spot market continued to be weak in China, and the price fell steadily. There was a narrow fluctuation in East China, with individual small adjustments, with a fluctuation range of 50-100 RMB/ ton. The ex-factory prices of most petrochemical enterprises are stable, the market transaction atmosphere is poor, and the downstream just needs to be supplemented. Liansu futures market rose slightly, bringing limited support to the spot market. It is expected that China PE spot market will be dominated by narrow consolidation in the later stage.
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