In terms of downstream demand, the overall demand of the PE CFR China market remains depressed in 2022. In the first half of 2022, due to the influence of high-priced crude oil, the cost remains high. The price spread between RMB market and PE CFR China market has been too large, and downstream dema Read More

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 w Read More

Over the past two months, new offers from major suppliers have been falling continuously. Under the collapse of costs, traders offer lower sharply. Judging from the price of a foreign trader in Qatar, the LLDPE price in June has been around $1,120/mt. After two and a half months of decline, the pric Read More

Due to the high price of raw materials, the theoretical losses of VSF and rayon yarn are around 1,000yuan/mt, and prices are still under downward pressure. To each segment of the industry chain, feedstock procurement faces the risk of falling prices, spun yarn and fabrics may be unsalable and become Read More

VSF operating rate has fallen to a decade low of 55% and the average run rate of pure rayon yarn was just above 40% in Aug, just next to the lowest level of Feb 2020 when the COVID-19 broke out. The operating rate of rayon fabric has also dropped to the similar level as it was during the National Da Read More

Despite it still being summer in Europe, China's exports of heating appliances, including electric heaters, electric blankets and air source heat pumps, have witnessed explosive growth this year as the continent is in the grip of its biggest energy crisis in decades, with natural gas supplies from R Read More