OCTOBER 28,2019

Comments on PE USD: stable quotation and weak transaction

2019-10-28 16:23

Today, the market price of PE US dollar is temporarily stable, and foreign businessmen are concentrated to open a new round of offer. Some of the high prices and non-standard prices have declined sharply. In December, India's supply price was 840 US dollars / ton, the Middle East's linear supply was 850-860 US dollars / ton, Southeast Asia's tariff free supply was 900 US dollars / ton, and Australia's 6C's linear supply was 850-860 US dollars / ton. Because its tariff was only 3.9%, the price was 100 yuan / ton lower than the price, and the profit was acceptable. The industry is bearish on the low-pressure price, and has made positive counter-offer on the low-pressure membrane, hollow and injection molding. There are middle east foreign high-end injection molding offers at 840 US dollars / ton, the industry is actively negotiating. At present, the confidence of domestic enterprises in the future market is insufficient and the expectation of non-standard price is low. Therefore, it is expected that the non-standard transaction price of US dollar will continue to decline in the near future.

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