Last week, the main contract of L1901 rallied, closing at 9565 yuan, up 65 yuan.
After the holiday, the ex-factory price rose and the market price increased. In the latter half of the week, the spot trading atmosphere weakened, traders lowered the shipping price, and the market sentiment waited. The mainstream price of East China was 9650~9700 yuan on Friday. In the US dollar market, the price was stable and small. 5. Under the support of downstream market purchases, low - voltage and linear products are relatively strong.
On the supply side, the pre-repair equipment has been restarted, and domestic supply is expected to continue high. However, the depreciation of the Renminbi and Iran are subject to sanctions or the import volume is less than expected.
In the downstream, the agricultural film is in the peak season of production, and the operating rate is still improving, but the downstream profit is not good.
In terms of inventory, post-holiday social stocks rose by 2% qoq. The market speculation atmosphere has weakened recently.