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Crude oil performance is weak, plastic prices are volatile

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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low pressure

crude oil

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On Wednesday, crude oil was weak, which had a poor
impact on the chemical market.
Plastic intraday volatility is dominant, spot is stable, bulk sentiment is average, and the black disk is weak
.
In terms of spot, petrochemical is stable and small, and the market is generally trading
.

plastics

PE market prices were mixed during the day, except for a few linear small increases of 50-100 yuan / ton in East China, the rest of the individual high and low pressure softened 50-150 yuan / ton, and some varieties in North China softened 30-100 yuan / ton
.
Linear futures opened low and fell higher and then fell, petrochemical prices were mixed, merchants operated cautiously, and followed the market offer
.
Downstream demand has not improved much, and the real transaction is negotiated
.

On Wednesday, the PE dollar market price offer continued from the previous day, and the overall transaction was light
.
There are not many inquiries from downstream factories, and we continue to wait and see
.
There were not many foreign offers this week, and some foreign investors fell to around $1060 / ton for low-pressure short offers, bearish after the market
.
Downstream factories are more resistant to the supply of high-priced US dollars, and the low price is countered, and the trading is deadlocked
.
At present, the social inventory in the domestic market is still high, and the market will continue to decline under the difficulty of shipment
.
It is expected that the short-term market linear price is 1120-1160 US dollars / ton, and the transaction is difficult to improve
.

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