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The PE market continued to loosen, with declines ranging from
200-400 yuan / ton.
Petrochemical inventories remained at a medium-high level, and some petrochemical companies were forced to lower factory prices to destock, and cost support continued to loosen
.
At the same time, the futures market opened low and went low, hitting the market mentality, and under the influence of traders' panic, they had a strong intention to sell and actively let profits
ship.
Downstream factories are bearish mentality, continuing to purchase a small number of low-priced goods, and the market is generally
trading.
The mainstream price of wire drawing in North China market is 8900-9100 yuan / ton, the mainstream price of wire drawing in East China market is 8800-9100 yuan / ton, and the mainstream price of wire drawing in South China market is 9300-9450 yuan / ton
.
PE prices in North China continue to decline
.
Morning futures fell sharply and holders aggressively offered profits
.
Downstream on-demand procurement, real negotiation
.
PE prices in South China continue to decline
.
Futures fell, the market was bearish, and holders actively gave profits to
shipments.
Downstream procurement is cautious and real negotiation
.
PE price weakness adjustment in East China, the range is about
150-350 yuan / ton.
The sharp drop in crude oil prices at the end of last week dragged down the confidence of the polypropylene market, in order to avoid the risk of continuous losses, the holder's bidding intention was strong, and the transaction center of gravity declined.
PE prices in central China continued to fall
.
Futures fell sharply in early trading, the market bought lightly, and holders actively made profits to facilitate trading
.
Downstream procurement is cautious and real negotiation
.
PE prices in Northwest China were weakly lowered, with a range of around
100-200 yuan / ton.
Futures have been sharply lowered, superimposed on the decline in factory prices in the region, and traders have followed the decline
.
A small number of downstream terminals just need to take over, and the transaction follows the market, and the real market is flat
.
