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    Home > Chemicals Industry > Rubber Plastic News > 【Polyethylene】The impact of Fed rate cut and horse oil explosion on PE

    【Polyethylene】The impact of Fed rate cut and horse oil explosion on PE

    • Last Update: 2022-08-22
    • Source: Internet
    • Author: User
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    In the past week, the world has suffered a slump.
    The new crown epidemic is in a period of accelerated spread, and the epidemic situation is intensifying.
    The new crown epidemic has caused damage to the society and economy of many countries, including the United States, in the short term, and poses risks to the economic outlook


    .


    The Federal Reserve announced on the 15th local time that it lowered the target range of the federal funds rate to an ultra-low level of 0-0.
    25% and launched a $700 billion quantitative easing program


    .


    In response to the impact of the epidemic, the world's six major central banks joined forces to ease monetary easing to combat the new crown virus


    .


    At 10:50 a.
    m.
    on March 15, an explosion occurred at the Malaysian horse oil plant.
    Currently, the 900,000-ton/year PP and 750,000-ton/year PE units have been shut down


    .


    According to statistics, in 2019, the total amount of imported PE in China was about 16.
    6657 million tons, of which about 3.
    4306 million tons of LDPE, 7.
    9979 million tons of HDPE, and 5.
    2371 million tons of LLDPE


    .


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