Negotiations during the Spring Festival holiday were thin

Negotiations during the Spring Festival holiday were thin. After the holiday, crude oil rose sharply, RMB futures-spot market went up evidently on the first day after the festival, which obviously boosted the mentality of the PE CFR market. However, not many downstream workers resumed to work, and market transaction was limited. Subsequently, RMB futures-spot market fell, which suppressed the trading atmosphere of the PE CFR market. PE CFR China market was significantly higher than the RMB market, and market transaction was poor