The price spread between RMB market and PE CFR China market narrows

At the same time, in the early stage, due to the fall of crude oil and the deviation of its own supply and demand side, RMB market has weakened, and the price spread between RMB market and PE CFR China market has been continuously narrowed, which forces the PE CFR China market price to continue to weaken. Taking LLDPE as an example, the current price spread between RMB market and PE CFR China market is basically controlled at around 100-200yuan/mt, which is at a relatively balanced level.