Chinese market participants expect polymer products’ prices to decrease $50 in the following weeks.  The high inventory of SABIC and the start of their negotiations demonstrate the strong supply of polymer products and hence the fall of prices. Moreover, inventory of polymer products in China is reported high and US polymer’s output has increased significantly.

According to petrochemical experts, if demand remains flat, with no positive outlook for future global demand, and the trade war between US and China continues, the price of polymer products enters the channel of $500.

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