The market trading atmosphere is not good, and the price of polyethylene has followed the decline

During the Spring Festival, the positive factors of the spot market dominated, and prices rose slightly
.
First of all, in terms of upstream international crude oil, crude oil entered a continuous upward trend in February, reaching the highest level
in nearly a year.
On the one hand, the extreme cold weather brought about by the snowstorm in the southeastern United States has led to a sharp rise
in fuel heating demand.
In addition, the recent OPEC and its allies (OPEC+) have continued to effectively promote production cuts, which has brought a favorable environment
for oil prices.
And the sharp decline in US commercial crude oil inventories in the past two weeks has become a direct driver of stimulating the rise in oil prices
.
The rise in crude oil has brought certain benefits
to the market.

Followed by the futures market, entering February Liansu futures rose significantly, bringing certain support to the market, petrochemical enterprises slightly raised the factory price, cost support is acceptable, business mentality is good, tentative high report
.
In terms of downstream, approaching the Spring Festival holiday, downstream enterprises have the intention of stocking goods before the holiday, and the enthusiasm for entering the market is better, and the mentality of manufacturers is relatively strong
.

At present, the ex-factory price of petrochemicals has risen slightly, and the cost support is acceptable, but with the arrival of the Spring Festival, transportation in some areas has been blocked, and downstream factories have been on holiday, and the operating rate has declined significantly.

At present, the upstream inventory has accumulated to a certain extent, and the downstream has some resistance to high prices, and it is expected that the polyethylene market will be dominated by weak consolidation after the holiday
.