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From the perspective of the previous trading day, the spot factory price has limited room for growth, and there are few factors pushing up, which is difficult to stimulate buyers' enthusiasm to buy, among which Shenhua PE bidding volume declined, traders actively shipped, and the PE market had room
for negotiation.
Upstream tailwinds: WTI crude oil futures for August ended up $0.
59 at $46.
08 a barrel, and Brent September crude futures closed up $0.
68 at $48.
42 a barrel
.
The PE maintenance equipment of Fushun Petrochemical, Shanghai SECCO and other enterprises will be started up one after another, and the new 450,000 tons/year Shenhuaning coal PE plant will produce 7042, and the market supply pressure will increase
.
The pace of rebound of plastic futures after flat water spot slowed down, it was difficult to break through the previous pressure level, and the ex-factory price of PetroChina and Sinopec had limited room to rise, it was difficult to stimulate buyers' enthusiasm for buying, and there were few factors pushing up, and it is expected that the PE market quotation will rise in the
short term.
