In the first half of 2018, the trend of domestic PE market was flat, and the fluctuation space was significantly smaller than that of the same period last year. Due to the fluctuation of geopolitical frictions and the continuous decline of EIA inventory, the international crude oil price continued to rise in 2018, and the production cost of polyethylene continued to rise. In 2018, strict environmental protection inspection became the norm. The downstream industrial structure of polyethylene was passively adjusted. In addition, the import and domestic production of PE increased significantly in the first half of the year. The overall trend of PE was deadlocked due to both supply and demand constraints.
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