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Afternoon review of the plastics market on July 2

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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sabic plastics

commercial plastics

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Supported by the continued strong support of crude oil, plastics recovered sharply last week relying on the 8900-9000 area, and rose back to the 9270 area on Friday, corresponding to recovering most of the previous
declines.

plastics

From the current trend, it is difficult for plastics to rise smoothly in the medium term, with a high probability of maintaining the range wash trend, intraday can focus on the 9300 line, the line is difficult to break, there should also be a wash back down
.

Suggestion: Plastics can watch the medium-term wash trend unfold, it is expected that the intraday should bear pressure 9300 first-line shock fall, step back to support pay attention to the 9200 area, intraday wash and sort out expectations, can be short-term follow-up
.

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