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[Plastic] Will the futures spread expand and PE will usher in a good start?

 Last Update: 2022-06-05
 Source: Internet
 Author: User

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In 2019, China’s PE futures basis range narrowed compared to 2018.

Entering December, the PE basis has turned negative again.

From the perspective of Sinopec East China's new prices at the beginning of the year, although some PE sources have increased at the beginning of the year, the range is limited, and the price increases are concentrated on brands with lower price bases and some LLDPE (unconventional standard products) containing anti-opening agents with less sources.

In general, the supply and demand of the plastics market was weak in January, and the new year is approaching, market liquidity is tight, and the overall atmosphere gradually tends to be flat.

(Keyword: PE)

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