RMB futures-spot market moved downward, and weighed on the PE CFR China market mindset. The price spread between RMB market and PE CFR China market remained, and downstream buying interest was weak. In addition, it was difficult to pick up goods affected by the epidemic in some main port areas, down Read More

Under the relatively tense international situation, crude oil prices rose sharply, driving the PE CFR China market to move up, and some traders even ceased orders and were reluctant to sell at previous lows. Then, due to the decline in the RMB futures-spot market, PE CFR China market was under press Read More

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 m Read More

Market price moved up slightly. Supported by the strong RMB futures-spot market and rising crude oil, new offers from suppliers inched up and traders offered higher slightly. The price spread between RMB market and PE CFR China was relatively balanced, and the trading sentiment was lukewarm Read More

The continual decline of ACN imports is mainly attributed to the increasing capacity. In the first quarter of 2021, there was no new capacity, while in the second half year, Zhejiang Petrochemical started up its 260kta ACN line in mid-Aug, KoRuhr started up its 130kta line in end Oct, and Lihuayi st Read More

The expectation of recession trade does not come out of nowhere, but is looming. Even for US, the strongest economy, its economic data are slipping heavily. After inflation adjustment, US May consumer spending was down by 0.4% on month, the first drop in 2022. May after-tax income dropped by 0.1%, i Read More