The prices of ethylene monomer have declined

Jul 28, 2023

Since April, the price of ethylene monomer has been declining, which has suppressed the price of PE from the cost side. Although most domestic and foreign plants are mainly integrated, the profit margin of petrochemical plants selling monomers directly has been squeezed due to the decline in the price of ethylene monomer. The situation of exporting ethylene has clearly decreased, and in order to balance the profit of their entire industry chain, some factories have increased the operating rate of PE plants, which has increased the overall supply of PE and to a certain extent suppressed the imported PE market price.

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