the price spread between RMB market and imported PE market is too large

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, the high price spread also forces foreign traders to cut their offers. On the other hand, affected by the poor demand during the off-season and the epidemic in East China, several ships have difficulty in landing and some plants shut down, the overall procurement rhythm has been disrupted, most orders have been delayed. Most medium and large plants have their own stable sources of supply, and their purchasing power for the external goods has dropped sharply, resulting in a more sluggish trading performance in the imported PE market.