Price Trends

On the 22nd, the three major varieties of PE spot market showed a steady upward trend, and some offers rose sharply. PE ex-works price of petrochemical enterprises in East China rose 50-150 yuan per ton.

Analysis Review

In the morning, international oil prices rebounded sharply in favor of market sentiment, but the enthusiasm of the downstream into the market was limited. Market trading was average, with limited gains in the spot market.

Aftermarket

PE spot market prices are expected to stabilize in a narrow range in the short term.

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