Since Early October, PE Market Has Been Relatively Strong Supported by Macro Factors

Since early October, PE market has been relatively strong supported by macro factors. Subsequently, the market fluctuates lower, and CFR China market is no exception. The overall market maintains a weak operating trend without excessive fluctuations. Recently, prevailing offers for LLDPE (MFR: 2) were at $960-980/mt, LDPE (MFR: 2, with anti-blocking agent) offers at $1180-1200/mt, HDPE film at around $920-960/mt, and HDPE blow-molding at around $910-930/mt, load in Dec-Jan, CFR China main ports.

From the current market perspective, the supply and demand side of USD-denominated products remains continuously weak, and the downtrend may still continue.