Price Trends

On July 21, due to the weak and sliding domestic PE market, the PE ex-works prices of petrochemical companies were also cut by 50~200 yuan/ton.

Analysis Review /strong

International crude oil prices fell, cost support is insufficient. In addition, due to the weak end demand, the market trading atmosphere is limited, the merchants' mood is poor, and most of the transactions are carried out by mowing the lawn, which led to the decline of market prices.

Market Outlook

PE market is expected to remain weak in the short term and still have room to fall.

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