Plastic week review: plastic weakness down
Plastic week review: plastic weakness down
LLDPE this week continued weak downward, the current agricultural production is still in the off-season, material requirement, external macro environment, bad superposition, Yin fell more than plastic market, a new low years. Technically, the plastic is building the fifth wave of the fall, with a focus on the support of 9000, and the formation of the new trend will depend on the macro level and focus on the adjustment of the node in mid-june.
Because at the beginning of may, so far, the raw material of carbide decline in 300 yuan/ton, ethylene dropped by $396 / ton in northeast China, the PVC price is the lowest of the year, and PVC enterprises is years minimum cost pressure, so in view of the alkali balance, PVC starts in June will still maintain a high level, supply pressure will increase. Therefore, the cost decline and the supply pressure is difficult to alleviate, the PVC is still difficult to get out of the weak pattern. However, since PVC is already in serious cost inversion, the downside of PVC is certain
