Polypropylene suddenly sudden change before the holiday, although the impact of the Spring Festival approaching the limited extent of the market, but after so strong petrochemical substantially reduced, it is rare in the near future.
First, the stock situation
Near the Spring Festival, two oil inventories maintained well at 59-65 million tons, the current inventory of the two oils are normal levels, while petrochemical price cuts, not a sudden event.In order to ensure the inventory does not accumulate during the holiday season, the two oil before the inevitable To prepare well before the holiday, while the pre-holiday price cuts on the pros and cons after the holiday, which is most experienced.
Second, the situation is now combined
From the development of the figure is now, is now closer with the closer bond, the recent spread is -79 yuan / ton to 225 yuan / ton. Futures by the funds withdrawn from circulation, the recent decline in futures market sentiment dropped sharply before the holiday Market decline, post-market operation to provide good support.
Third, focus on key products
Drawing and co-polymerization gradually narrowing the spread, the normal drawing and co-polymerization spread in the 400-600 yuan / ton, the current price of drawing and drawing co-price and maintain 400-700 yuan / ton, currently still within the normal range of the holiday season under the influence of the festive season, Market offer down significantly.
Fourth, the market outlook you dare to see it
Polypropylene market before the holiday by the two oil prices dragged down dragged down the market again and again to postpone the market back to normal after the holiday paved the market before the holiday trading volume gradually decreased, focusing on the holiday market, the Spring Festival coincides with the mid-month, after the holiday return two oil Inventory accumulation, the market needs 3-5 days consumption of inventory during the holiday season, the market does not rule out the phenomenon of low pressure on stocks due to high shipping pressure, the normal market transactions to resume in March, the market needs to wait for a real rebound in the spring of March. The price is expected to return after the Festival East China drawing 9000-9300 yuan / ton, copolymerization 9200-9600 yuan / ton.