Price trend

On the 27th, the three major varieties of PE spot market remained stable, and the quotations in large areas fluctuated within a narrow range, with ups and downs. Among them, the adjustment rate in East China was 50 RMB/ton.

Analysis review

The international crude oil price rebounded, and the news was positive for the market sentiment, but the terminal demand was weak, and the market trading atmosphere was limited, which brought certain resistance to the market.

Market outlook

It is expected that the spot market price of PE may continue to consolidate in the short term.

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