The impact of the RMB exchange rate on the imported PE market continues and the influence has expanded

Sep 06, 2023

It is evident that the exchange rate and imported PE market are inversely correlated. Taking LLDPE as an example, at the beginning of the year, due to the appreciation of the RMB, most traders offered higher. However, when RMB depreciated significantly, market transaction for high-price USD-dominated goods was poor and traders offered lower to balance the price spread between RMB market and CFR China market and make transactions. The price trend of LDPE and HDPE was similar.


The overall import volume decreased slightly, and the supply was relatively stable.
Imported PE prices plunged from the highest level

Recent Posts