PE CFR China market inched up in the early-to-mid September

PE CFR China market inched up in the early-to-mid September and then moved lower continuously since late September. Up to November, the market was still in weak consolidation. Market sentiment was lukewarm and trading atmosphere was not active. Prevailing offers for LLDPE (MFR: 2) were at $800-850/mt (duty-free cargoes at $900/mt), LDPE (MFR: 2, with anti-blocking agent) at $880-930/mt, HDPE film at $850-920/mt, HDPE raffia at $850-900/mt, HDPE blow-molding at $850-900/mt, and HDPE injection at $840-860/mt, load in Nov, CFR China main ports.

Near the end of this year, it was obviously that market had a down trend and the bearish market was hard to change for a long term. The reasons were as follows: