Favorable continuous superposition to boost the plastics market sprint to a new high in the past ten years

Now entering March, the plastic index is still rising, but the increase is significantly narrower than the previous period
.
In the general plastics market, the three major varieties in the PE market all rose to varying degrees in early March.
Among them, LDPE saw the most significant upswing in the past seven days, with a range of 2.
07%, followed by HDPE (1.
08%) and LLDPE (0.
56%)
.
PS, PVC, EPS and ABS have shown a downward trend in the past seven days, with a smaller range
.
In the engineering plastics market, PA66 and PET showed an increase, while PA6 and PC declined slightly
.

Overall, although plastic products are currently weakening individually, the magnitude is not significant
.
It is reported that there are still companies issuing price increase letters for nylon resin products on March 10, and there are not a few companies that continue to announce price increases
.
On the one hand, the high cost of chemical raw materials has brought obvious support to the market.
On the other hand, international oil prices continue to rise.
Crude oil analysts of the business agency believe that the policy is implemented and oil prices may continue to rise in the near future
.
Driven by the rise of international crude oil, futures products of the petrochemical industry are also rising
.
However, according to merchants, because the price has risen to a relatively high level, the downstream has a strong attitude of resistance, and the enthusiasm for entering the market is average
.
Some merchants have loosened their offers to promote transactions
.
In summary, there is little room for the plastics market to fall, and it is expected that the market outlook may fluctuate at a high level in the short term
.