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Affected by the sharp drop in crude oil a few days ago, the entire market has experienced a large decline, but the rubber and plastics sector, which is very sensitive to crude oil prices, has a relatively strong appearance
.
Affected by the sharp drop in crude oil a few days ago, the entire market has experienced a large decline, but the rubber and plastics sector, which is very sensitive to crude oil prices, has a relatively strong appearance
.
The impact of the slump in crude oil on the supply side of the plastics industry
Global financial markets were turbulent after the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries led by Russia failed to negotiate a crude oil production policy
.
Since February, oil prices have fallen sharply, with a month-on-month decline of 12.
Plastics and tires, as rigid demand products, have their own relatively stable growth needs, so the production side of the industry will maintain a high degree of prosperity
.
Layer by layer transmission, crude oil's influence on the PS market remains unchanged
On March 6, OPEC and Russia failed to expand production cut negotiations, and crude oil fell again.
On Monday, the intraday low of US crude oil hit $27.
34 per barrel.
The bearish atmosphere in the market suddenly thickened, and commodity prices fell one after another
.
On March 6, OPEC and Russia failed to expand production cut negotiations, and crude oil fell again.
Statistics of previous crude oil price wars
In June 2014, Saudi Arabia launched a price war.
From the figure below, we can see that the price of crude oil fell sharply on June 27, and PS did not actively follow the decline immediately.
After a half-month decline, crude oil began to fall on July 16.
The decline slowed down, and the sideways trend of PS continued
.
The sneak attack in the construction of the bottom, the PS market has many tests
The sneak attack in the construction of the bottom, the PS market has many testsAfter the Spring Festival, PS production enterprises accumulated serious inventory.
After nearly a month of digestion, the inventory of petrochemical plants was gradually transferred to traders and some downstream factories of the terminal, but part of the inventory was digested, and the price of PS gradually bottomed out in the process
.
With the gradual and orderly resumption of PS downstream factories, after the low-load operation in February, petrochemical plants began to increase the operating load in March, and PS prices are expected to rebound after bottoming out.
