PE Inventory Went Down W-O-W on Oct 15
Preface: As of October 15, China’s PE inventory went dwon by 3.99% from that on October 8. Hereinto, the PE inventory at upstream producers decreased by 8.57% from last week, and the PE inventory at sample ports rose by 1.06% from last week. The PE inventory at sample traders declined by 1.8% from last week.
1. China Total PE Inventory
As of October 15, China’s PE inventory went up from that on October 8. Hereinto, the inventory at major producers and traders dropped, while that at sampe ports went up.
2. China PE Inventory at Petrochemical Companies
The inventory at PE producers dropped by 8.57% from that on October8. With the futures market dropping, producers lowered the prices. Some producers released promotion policies to sell more goods.
3. China PE Inventory at Ports
PE port inventory went up by 1.06% from that on October 8. Some South Korea-origin resources arrived intensively in East China, but the arrivals of other imported resources were limited. The trading atmosphere turned tepid with the futures market softening in the middle of this week.
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