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[Plastic] Polyethylene: Six reasons to sing a "good start" in the first week of the Year of the Ox

 Last Update: 2021-06-08
 Source: Internet
 Author: User

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Returning from the spring break, the news of price increase started to swipe the screen mode, the price of styrene increased! The price of ABS! The price of PP! The price of PE .

First, the cost support of crude oil rebound is strong.

Second, because my country's PE is highly dependent on foreign sources, changes in the supply of overseas resources have an important impact on domestic market prices.

Third, the domestic futures market closed up on a large scale.

Fourth, petrochemicals: driven by crude oil and futures, petrochemical companies took advantage of the trend to increase ex-factory prices, and the market trading atmosphere has improved significantly compared with the previous period.

Fifth, returning after the Spring Festival, due to the storage of the Spring Festival holiday, the stock of plastic oil and oil on February 18 was 940,000 tons, an increase of 65% compared to February 9, but compared with the first working day after the Spring Festival holiday last year, the stock decreased by 25 %.

Sixth, the downstream resumption of work is expected to be good.

The recovery of the polyethylene market after the holiday is gratifying.

(Keyword: PE)

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