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Since early October, PE market has been relatively strong supported by macro factors. Subsequently, the market fluctuates lower, and CFR China market is no exception. The overall market maintains a weak operating trend without excessive fluctuations. Recently, prevailing offers for LLDPE (MFR: 2) we
China methanol price kept firm and rose this week. Methanol futures were resilient and coastal spot price hiked to 2550-2560yuan/mt as of Nov 21.In the week ending Nov 21, China methanol tank inventory in main ports decreased slightly by 4.5kt week-on-week to 1,281.5kt, including 974.5kt in East Chi
This expectation is influenced by both anticipated polymerization costs and downstream order forecasts. In December, there is an expectation of 3 million tons of new PTA capacity into operation, while polyester operating rate is currently around 93%, which is a high level for the year, leaving limit
In the second half of this year, after a destocking of polyester yarn in September, there was a slight inventory accumulation in October, which intensified in November. Currently, the inventory is near its highest level for the year, leading spinners to purchase raw materials on need-to-basis.
