As terminal demand does not improve, sales of PFY may be hard to continue improving. Whether price of PFY can rebound will depend on the macro atmosphere and oil price. If macro market presents good atmosphere and oil price continues increasing, price of PFY may slightly climb up driven by cost side Read More

downstream business has not improved with rising futures according to the survey made by CCFGroup. The order change on downstream market should be noted later. Intensively improving sales of PFY in recent period were mainly because of the following reasons: firstly, downstream plants’ PFY stocks hav Read More

In terms of price, when stocks of PFY are transferred to downstream market and the inventory burden is mitigated periodically, the profit of PFY is expected to improve and price of PFY may follow the uptrend on feedstock market. The feedstock market is anticipated to curve a similar trend as crude o Read More

1. The total production capacity of China domestic PE is increasing and the self-sufficiency rate is obviously increased, which has an obvious impact on imported materials.2. With the continuous rise of international oil prices, plants at home and abroad have been affected, resulting in a reduction Read More

PE CFR China market maintained the downward trend. The market was stable in the early stage, and the price fluctuations were small. In the second half of the month, due to the sharp drop in crude oil, RMB market was weak, which suppressed the PE CFR China market. Downstream demand was limited Read More

Market price continued to decline, RMB depreciated and the price spread was too large. Downstream was resistant to the high price, RMB market was relatively weak and the US dollar procurement costs of first-hand traders have increased. Downstream demand was bearish, and buyers preferred to purchase Read More