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[Plastic] Polyethylene: The ending is coming soon. Have you got these points yet?

 Last Update: 2022-02-02
 Source: Internet
 Author: User

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2020 is destined to be an extraordinary year, and we have witnessed history time and time again.

Polyethylene

Crude oil and monomer are in a deadlock, with limited impact

Under the raging epidemic, Europe has tightened its blockade, OPEC has reduced global oil demand, and hedge funds have also slowed down the purchase of oil futures and options.

Demand restrained, futures market callback

Due to the cautious delivery of downstream goods and insufficient demand follow-up, the market game is a little stalemate.

Increase in supply, internal and external disks hanging upside down

In December, only Sino-Korea Petrochemical Company planned for major repairs.

Operating rate fell, just need to weaken

The downstream industry began to enter the off-season in December, and the demand for agricultural film peaked.

Summary: To sum up, all aspects have not released positive energy to stimulate the market.

(Keyword: Polyethylene)

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