Price trend

On the 22nd, the three major varieties of PE spot market rose steadily, and the quotations in large areas were partially raised. The PE ex-factory price of petrochemical enterprises in East China rose by 50-150 RMB/ton.

Analysis review                                          

The sharp rebound of international crude oil in the morning was good for the market's mentality, but the enthusiasm for entering the market from the downstream was limited. The market was generally traded, and the spot market gains were limited.

Market outlook

It is expected that in the short term, the spot market price of PE may be dominated by a narrow range of consolidation.

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