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【Polyethylene】Polyethylene market under fiscal easing may usher in spring?

 Last Update: 2022-08-22
 Source: Internet
 Author: User

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The panic of the recent public health event has filled the major markets around the world.
The international crude oil price fell with the trend, and the continuous sharp decline caused the linear futures to plummet.
The domestic polyethylene market was full of bad news and fell endlessly

On the afternoon of March 15, Eastern Time, last weekend, the Federal Reserve decided to lower the target range of the federal funds rate to 0-0.
25% and launch a large-scale quantitative easing program of US$700 billion in response to the impact of the new crown epidemic on the economy

It can be seen that the short-term weak operation of international crude oil is more likely, but due to the influence of loose fiscal policies and the gradual improvement of downstream demand, some domestic devices will enter the maintenance period, and the polyethylene market may usher in an optimistic trend in the long-term, while the short-term The pattern of weak stalemate remains

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