PE: How to interpret the market outlook, stop and take a look

After a long period of weak shocks, entering September, polyethylene swept away the haze of the previous period and ushered in a wave of long-lost ris.

According to the editor's analysis, the main reasons for the price drop are:

The Saudi incident became 911 in the oil mark.

The soaring high price will inevitably form a hedge against the weak demand follow-.

The devices that were shut down for maintenance in the early stage were started one after another, and the supply and demand basically faced the influence of the market and gradually expand.

The domestic economy is running weakly, and domestic downstream product enterprises are affected by difficulties in environmental protection and capital turnover, and the procurement of raw materials is limit.

"Golden Nine" has passed, so can the "Silver Ten" market come as scheduled? Let's take a look at the factors affecting the market outlook:

Weak cost support

Saudi Arabia's production capacity has resumed, and the supply side is under great pressure; the European economy is in a bad state, the US refinery has entered a maintenance period, and the demand side is also weak, and the oil price outlook faces further downside ris.

Supply is expected to increase

In October, there were not many new shutdown and maintenance devices in Chi.

Petrochemical inventory accumulation

After the National Day holiday, the petrochemical inventory will inevitably rise sharply, and the petrochemical inventory will be mainly destocked in Octob.

Demand is underperforming

Although there is a boost from the peak season of agricultural film, under the macroeconomic background of this year, many industry players are pessimist.

Futures remain weak

After the holiday, the contradiction between supply and demand continues to increase, and it is more likely that futures will remain weak and fluctuat.

In view of the above points, with the resumption of normal operation of the previous shutdown and maintenance equipment and the accumulation of petrochemical inventories after the holiday, the market supply is expected to increase in Octob.