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From the perspective of the previous trading day, the PE market except for the tight price in South China, the rest of the market quotations fell
slightly.
The sharp decline in futures and the slowdown in the rise in petrochemical factory prices are difficult to boost the long mentality of the spot market, and buyers' enthusiasm for buying is low, of which the linear transaction rate of Shenhua PE fell by 12%, and traders have room
for negotiation on shipments.
In crude oil, WTI September crude futures closed down $0.
97 at $48.
59 a barrel, a new closing low
since July 25.
Brent crude for October delivery closed down $0.
80 at $51.
90 a barrel
.
There are few new maintenance devices for petrochemicals, and the supply of petrochemical supplies will increase
as early maintenance units are started up one after another.
Coupled with the deepening of environmental protection supervision and poor downstream demand, especially plastic futures turning into a weak market, and negative factors have increased, it is expected that the short-term PE market will maintain a weak volatility
.
