Pressure on the stock price rebound suppress plastic

Recently, the plastic of price fluctuations . Currently , the plastics 1405 contract short shorts trend is still evident. Recommendations concern the spot price changes , the current price difference has widened to more than 700 yuan , if the spot price down , limit the spread of support decreases .Masking tape

On the one hand , high pressure petrochemical stocks outstanding . February domestic petrochemical stocks fell last week more than 20,000 tons , the market pressure to release a lot of moments , but the early accumulation of a large amount of inventory , total inventory remains at a high level , but at the end of February or early March and petrochemical stocks showing a continuous growth trend. March 4 Data show that three major petrochemical stocks compared to the previous week, an increase of more than 1000 tons , especially linear inventory increased significantly , east China alone has increased by more than 3000 tons inventory . February half late next year also increased the overall growth of more than 8 %, significantly higher than last year's inventory pressures.Wholesale masking tape


In the growing inventory data , while imports also growing. Data show that in January the country 's import and export of polyethylene increased considerably, especially polyethylene imports exceeded 100 million tons, an increase of 0.32%. Imports also increased to some extent increase the domestic supply pressure.

On the other hand , high operating rates , high load production has also become a potential threat to the future supply increase . Operation of the device from the petrochemical industry , the enterprise and the full density LLDPE plant equipment maintenance is not much , a quarter of the petrochemical plant operating rates to rise significantly over the second half of last year , remaining at 80% -90 %. In addition to several long lay-off device line , the rest are basically at full capacity . Petrochemical companies LLDPE plant parking currently only 80,000 tons of Daqing Petrochemical . Overall, the domestic petrochemical plant operation smooth , making the market 's supply sources are continually accumulate into inventory.Sellotape


In addition , the spot price is relatively strong , slowing of price declines . After two rounds of 200-300 yuan / ton price increase , the current focus of the domestic petrochemical prices will remain at 11,200 yuan / ton , so the gap between the spot price and the futures price is also restricting the latter downside to some extent. However , faced with a weak spot market conditions, prices have appeared loose .Washi tape