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From the above picture, we can see that as of the end of last week, the domestic high-pressure and linear price of polyethylene has reached a new high in nearly three years.
The market this week has begun to decline rationally.
It is unlikely that the market will plummet in the near future.
Petrochemical low inventory and some brands of goods The tight state is difficult to change in the short term, so the main theme of the shock is still lower
.
However, due to the increase in new production capacity, the recent price of low pressure is still at a low level compared with previous years, and according to incomplete statistics, the new production capacity next year will be about 5.
85 million tons, and the national production capacity is expected to exceed 28.
25 million tons, and most It is still a low-pressure and linear device.
Although some production capacity will be delayed, the pressure to increase production is bound to exacerbate the imbalance between supply and demand, so it is more difficult for low-pressure to create new highs
.
According to recent reports, the Caixin China Manufacturing PMI rose to 54.
9 in November, a ten-year high
.
