SEPTEMBER 26,2019

Bad market turnover and downward foreign offer

2019-09-26 14:50

Today, the price of PE US dollar market declined, foreign offers increased, and some high-price offers began to decline. Several Saudi foreign merchant ships offered linearly lower prices of $20 per ton than last week and early week, while several Saudi foreign merchants offered $860 per ton for September-October. At the beginning of the week, there was a linear offer from the International Business Corporation for Qatar at $880 per ton, and a linear offer from Thai foreign investors at $950 per ton. It is also expected that there will be room for a reduction. In terms of low-pressure membrane, Saudi Arabia's several foreign companies offered shipments of $910-915 per ton in October, resulting in a decline in foreign shipments due to poor delivery. There are few high-pressure quotations. The previous Saudi foreign quotations were concentrated around 950 US dollars per ton, some of which were high to 970 US dollars per ton. This week, it is expected that there will be a decline of 20 US dollars per ton, while the mainstream offer will be between 930 US dollars and 950 US dollars per ton. Zhuo Chuang believed that the quotation of foreign traders in China market is still in the tentative stage. With the downturn of the domestic spot market, domestic TRADERS'resistance to high-priced goods sources has increased. It is expected that there will still be room for price reduction within and after the festival.

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