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Unfavorable start of the year, the PP market is looking for a direction during the epidemic

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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market 2020

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The global crude oil supply is now in excess of demand, and the average price this year is expected to be lower than last year

The coronavirus is an immediate demand shock for the crude oil mark.

The PP futures market started without any accident, and the low-level operation trend is obvious

Since the opening of the market this year, the price of PP futures has been running at a low level, and the trend has not been able to show a good performan.

The accumulation of petrochemical inventories is serious, and countermeasures have been introduced one after another

During the Spring Festival, the accumulation of petrochemical inventories was more serious, and after the holiday, due to the limited logistics and transportation due to the epidemic, coupled with the difficulty of resuming work in downstream factories, the two oil inventories maintained a slow upward tre.

Enterprises in many places have announced the resumption of work, and the market is expected to gradually recover

Recently, the number of newly confirmed cases in China has shown a downward tre.

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