SEPTEMBER 12,2019

PE US Dollar Daily Review Forward Shipping Transfer Good US Dollar Market Strong

2019-09-12 11:52

Today, PE dollar market price is stable, waiting for market guidance. Traders actively counter-offer after foreign offer rose this week. Saudi foreign traders linearly traded at $840 per ton in September and Thai foreign traders duty-free linearly traded at $880 per ton this week, and then the transaction price gradually rose to more than $900 per ton. Traders have improved their mentality and are actively seeking forward shipments. They have heard that a foreign businessman in the Middle East has made high-pressure transactions at US$890-900 per ton. There are still a lot of Iranian goods in the market, but the merchants are still inclined to price the goods. The second-hand market has few US dollar offers. The reference price of the second-hand market is US$890-920 per ton for low-pressure film, US$830-840 for linear film and US$890-910 for high-pressure film. Zhuo Chuang believes that some large households are optimistic about the short and medium-term market trend, and some packaging and agricultural film factories have a small stock. The market still has upward momentum, prices will continue to be strong within the month, and look forward to an upward breakthrough.

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