PE still bearish

The global polyethylene (PE) market is expected to remain in a bear market in the second half of this year, due to a large number of new production capacity being put into operation, weak global market demand and raw material cos.

Before the end of this year, the world's new PE production capacity will still be put into production in large quantiti.

While production capacity is growing, demand growth in the PE market will slow due to macroeconomic uncertainty, especially due to the impact of US-China trade tensio.

The primary factor is the Sino-US trade fricti.

In addition, Europe's PE imports from the United States this year have increased significantly year-on-ye.

While.

In addition, the depreciation of the local currencies of some countries against the US dollar also inhibited the PE imports of these countri.

The promotion of circular economy also has a certain potential negative impact on the demand for PE raw materia.