SunSirs: China PE Spot Market Traded sideways on January 18

　　On the January 18, the three major varieties of polyethylene spot market were mainly sideways, and the overall fluctuation range was limited. The ex-factory quotation of petrochemical enterprises is slightly adjusted, and the adjustment range in East China is 20-50 RMB/ ton. The downstream is replenished on demand, and the market trading atmosphere is good. Merchant quotations did not change much. The push up of international crude oil has brought some support to the market, and even the plastic futures market has also risen. It is expected that the spot market price of PE in China will be firm in the short term.