
Crude oil surge / futures rise plastic index stop falling rebound
2019-08-15 17:07
On August 9, the plastic index of the Institute of Purchasing Chemical Plastics was 90.31, up 0.24% from yesterday. From the point of view of varieties, PP wire drawing and PVC rose most obviously, PE, PP homopolymerization and ABS prices remained stable.
The rebound of crude oil after the fall and the rise of futures led to a better atmosphere in the spot market. As of August 13, the closing price of LLDPE was 7585, up 2.4% from the closing price of August 6, 7410, PP was 8150, up 0.9% from the closing price of August 6, 8077, and PVC was 6610, up 2.4% from the closing price of August 6, 6455.
LLDPE, PP and PVC futures have been on the trend, and K-line has formed "Sanlian Yang". At the same time, Petrochemical inventories continue to decline, which also supports the market. Under this situation, domestic plastic prices rose slightly, including PP wire drawing rose 50 yuan/ton and PVC price rose 50-80 yuan/ton, which led to the rise of plastic price index. According to the data monitored by the Institute of Purchasing, Chemical and Plastic Research, the domestic petrochemical polyolefin inventory today is 775,000 tons, down 1.27% from yesterday.
In the short term, the market is expected to rebound from overshoot when the market climate improves.
This year, the macro environment is complex and changeable. The plastic market is under pressure. How can enterprises grasp the changing trend of the industry step by step? Please pay attention to the decision-making system of the purchasing, plasticizing and plasticizing industry chain.
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