Analysis of the trend of domestic polypropylene market
It is understood that during the week from November 26 to November 30, 2012, the domestic polypropylene market was weakly adjusted, with some regions slightly lowering. First, the dynamics of manufacturers Currently, there are few maintenance plans for petrochemical manufacturers. Tianjin Dagang and Datang Duolun are still overhauled. Most of the normal shipments have caused the current supply of the venue to be affected only by the production, and the supply is relatively sufficient. The policy of petrochemicals was frequently repaid, and the rate of revaluation in some regions was RMB 400/tonne. Downstream demand was dragged down, and petrochemicals were cleared at the end of the year. Random shipments were serious.
Second, the market trend This week the market is weak adjustment, a slight decline in some areas, the influencing factor: the international crude oil shocks fell, the market mentality is negative. The international economy is pessimistic and foreign trade deals have been hit hard. The fiscal cliff in the United States is a serious problem and the market risk increases. The European Union’s debt crisis has not yet been improved. Businesses are more bearish. Domestic near the end of the year, petrochemical stocks eager to clear, traders to see more serious hollow state, low warehouse holdings. Downstream factories are in a bad mood, and procurement is mostly on-demand. The atmosphere of market transactions is dull. The new government took office, economic stimulus policies have not yet been introduced, and the market is unlikely to improve by the end of the year.
3. Market outlook Petrochemical's current inventory pressure is still outstanding, taking the general cargo, December's price policy is still difficult to bullish, the willingness to close the market is strong, coupled with the poor downstream demand, business social analyst Xue Jinlei expects the market will continue weak adjustment next week The downside space is 50-100 yuan.
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