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Restricted by transportation and logistics, domestic enterprises and ports import inventories are still high.
At present, the proportion of downstream resumption of work is not high, and demand has limited support for the market
.
At the beginning of 2020, the new coronary pneumonia epidemic disrupted the original rhythm of the polyethylene market.
With the introduction of the policy to extend the Spring Festival holiday, the transportation, logistics, warehousing and other conditions that have always been the lifeblood of the polyethylene market have deteriorated day by day, and domestic petrochemical inventories have surged.
Warehouses around the country are full, while downstream resumption of work is delayed, and inventory digestion is stagnant
.
With the disorderly downward trend in the polyethylene market, crude oil prices have fallen sharply, and the Brent price has reached 55 yuan per ton.
In the early stage, oil-based production enterprises suffered losses.
At present, the profits of crude oil prices have increased to a certain extent, but the profits of coal-based enterprises have fallen sharply.
, most of the products have little profit left or even a loss
.
Due to the limitation of transportation and logistics, in order to alleviate the contradiction between supply and demand and ease the pressure on inventory, most coal-based enterprises have joined the ranks of production reduction, such as Pucheng Clean Energy, Zhongtian Hechuang, Jiutai, etc.
The starting load has been adjusted to 7-80% of the original load
.
Despite this, domestic enterprises and ports import inventories are still high, and the proportion of downstream resumption of work is not high at present, and demand has limited support for the market
.