China PE Market Continued to Rise on November 25
On November 25, the spot market of the three major PE varieties have risen to varying degrees. Petrochemical companies continue to raise ex-factory prices per ton 100300 yuan, and the rate of increase slightly decreased. The high-pressure market continued to lead, followed by the linear low-pressure market. The recent international crude oil prices continued to rise, and this news has brought some good to the market. However, the decline in the futures market has had a certain impact on the market, and some spot areas have declined. At present, merchants have good attitude and are actively shipping goods. However, the downstream demand has not improved significantly. China PE market is expected to contract in the short term.
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