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last week the market

Description: last week the market last week, polyolefin prices drop resistance, L1705 contract fell 1.54%, PP1705 contract fell 2.55%.End of the rally, the market weak. The market oversold rebound in the end, the contradiction between supply and demand fundamentals have not been effectively resolved, the market once again turn empty, near and far month contract are the main contract for january. In addition, the trend of polypropylene and plastic differences, spreads have widened trend.

The market oversold rebound

The recent part of the device maintenance, so that the supply of goods fell, although Jinxi Petrochemical will soon drive, but will not make rapid increase in the supply of goods. Because the market supply will not increase significantly, supply and demand eased.

plastic differences

Polypropylene overhaul increased supply and demand continue to improve. Downstream factory orders did not change significantly compared to the previous period, the demand is difficult to significantly improve the short term. The recent part of the device maintenance, so that the supply of goods fell, although Jinxi Petrochemical will soon drive, but will not make rapid increase in the supply of goods. Because the market supply will not increase significantly, supply and demand eased.

Crude oil futures in the last week

Supply and demand eased. Recent Petrochemical stocks showed a downward trend, imports of small changes in the chain, but the decline in the amount of maintenance loss slightly reduced, the overall market supply pressure has improved over the previous period.

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