[Plastic] Review of the Chemical Market in 2020: Crazy after Depression

The chemical market in 2020 can be described as a year full of magic and drama.

In 2020, international crude oil experienced unprecedented despair.

The spread of the global epidemic has strongly promoted the demand for related medical products.

In addition, it is worth noting that, with the vigorous development of the construction of integrated domestic hair refining and chemical projects, these projects will gradually enter the peak of production starting in 2020.

From the beginning of the fourth quarter, the chemical market began to rise strongly.

Looking ahead to the new year, in the crude oil market, the current epidemic in Europe and the United States is still very severe.

In November 2020, the "Regional Comprehensive Economic Partnership Agreement" (RCEP) was formally signed.

In addition, the national " plastic restriction order " will be upgraded again, and non-degradable plastic bags will be banned in certain places from 2021.

In 2020, under the dual pressure of the epidemic and crude oil, many products fell to a 10-year low at one time, but prices rebounded strongly in the later period, and many products reached multi-year highs.

(Keywords: plastic restrictions in the chemical industry make plastic bags non-degradable plastic PVC)