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SunSirs: On July 4, the PE Spot Market Continued to Be Weak

July 04 2022 15:56:22     SunSirs (John)

Price trend

On the 4th, the polyethylene spot market remained weak, and the price continued to decrease. The ex-factory price of petrochemical enterprises fell partly, with a range of 50-100 RMB/ton.

Analysis review

Although the cost has brought some support to the market, the demand is still weak, the enthusiasm for entering the market is generally low, and the market trading atmosphere is weak.

Market outlook

It is expected that the polyethylene spot market will continue to be weak in the short term.

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