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The contradiction between supply and demand highlights whether there is still a chance for improvement in the PE market?

 Last Update: 2022-09-23
 Source: Internet
 Author: User

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The international crude oil price broke through and stabilized at the US$80 mark at the beginning of this year, and continued its upward pace since then.

At present, petrochemical inventories continue to accumulate.

On the demand side, with the end of the holiday, the downstream operating rate has picked up, but at a slow pace, and some enterprises will resume work around February 10 and 15

Under the circumstance that the contradiction between supply and demand is prominent, is there any chance for the PE market to improve?

March-June is the month of intensive maintenance of domestic petrochemical plants.

In addition, "OPEC+" supply is tight, and international oil inventories are at a low level

"The mountains and the rivers are full of doubts, and there is another village.

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