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[Plastic] Crude oil hit a new low in the past 20 years, PE frustrated and continued to decline

 Last Update: 2022-01-16
 Source: Internet
 Author: User

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crude oil rate

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The oil supply deadlock between Russia and Saudi Arabia continues, and global demand is declining.

In the later stage, there is no substantial benefit in the international crude oil market, and Asian ethylene prices continue to drop, and the domestic PE market is also dragged down.

Affected by the continued decline in international crude oil prices and the meltdown of US stocks, the domestic polyethylene market fell sharply in 2020.

Polyethylene

Affected by the epidemic, the global economy has entered a period of recession.

(Keyword: Polyethylene)

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