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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
From the perspective of downstream, since the price spread between RMB market and imported PE market is too large, the overall purchasing mood in the downstream is relatively bearish, and they prefer to purchase yuan-denominated materials and get the tax refunded to reduce their own costs. Therefore
