The industry's wide energy continues, and the polyethylene market is oversupplied.

From the beginning of 2017 to the present, under the influence of strict environmental supervision measures, the continuous expansion of production enterprises, and Sino-US trade friction, domestic PE in 2019 has become the worst year after 201

Under the status quo of continued weakness, the supply-side pressure faced by domestic manufacturers has surg.

In the first half of 2019, domestic petrochemical inventories continued to maintain a relatively high level, and most upstream petrochemical companies maintained normal producti.

At present, there are many bad things about polyethylene products, and the continuous bad things about macro and environmental protection policies are already inevitab.

The key reason for the continued weak industry status is that the market supply and demand imbalance is severe, and the downstream demand support is insufficie.

At present, it seems that due to the frequent fluctuations in the market in recent years and the generally weak situation, downstream product enterprises do not dare to hoard goods, and more maintain the demand state of current use and procurement; coupled with the normalization of environmental protection, some enterprises that do not meet the standards are subject to Rectification and shutdown, and due to weak demand constraints, the applicability of the current hedging product business model has weakened compared with previous yea.

In recent years, although domestic production demand for plastic products has shown relatively steady growth, polyethylene production capacity has not stopped expandi.