APRIL 25,2019

Comments on Domestic PE Market

2019-04-25 09:33

Today's domestic polyethylene market prices continued to decline, falling in the range of 50-100 yuan/ton. The prices of some petrochemical enterprises dropped, and the market quotations fell. Downstream factories are still hollow, prudent purchasing, slow stock digestion of raw materials, Profit-giving and delivery of goods by merchants, and the market is hanging upside down, with the hanging upside-down range ranging from 50 to 100 yuan/ton.

At present, the market trading atmosphere is weak, market participants are bullish, businessmen actively concede profits to deliver goods, the market presents a hang-ups transaction, but the actual market transaction is limited, and the stock of raw materials digestion is slow. It is expected that the price of domestic polyethylene market will still fall slightly tomorrow, with a drop of 50 yuan per ton.


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