The hottest plastics daily review market trend is
2022-10-20- Detail
Plastics daily review: the market trend is divided, with continuous plastic shocks
overall analysis
recent geopolitics and data have improved to boost market confidence, but the leading factor of the early decline, the contradiction between supply and demand, has not been effectively alleviated. These can not be the real needs of users, so the upward impact of crude oil is limited, The contradiction between supply and demand in the medium term still needs attention. At present, it is close to the previous high of $98, and the pressure will gradually become prominent. In addition, the price of ethylene rose steadily, and the spot price followed the upward trend, but the demand for plastics was still insufficient. Plastics will continue to follow crude oil in the short term and gradually return to fundamentals in the medium term
from the disk, Liansu rose and fell today, above the moving average system, with short-term or repeated shocks, and the upper pressure level, while the trend has not changed yet. Investors deal with volatility in the short term, while trendsetters wait and see, waiting for high-level opportunities
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