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Why is the general plastic market weak?
International crude oil prices in new york and London rose across the board on the 28th due to the falling exchange rate of the US dollar and the demand for fuel stimulated by the snowstorm in the United States: the futures price of light crude oil for delivery in February next year in the New York Mercantile Exchange rose by 49 cents to close at 9 1.49 US dollars per barrel; The surge in oil prices continued to drive olefin varieties to rebound slightly, but the market gains were obviously suppressed to some extent. Due to the great differences among merchants, the market was under certain pressure, and the increase was obviously weak. The adjustment of the main variety PVC also tends to drag down the market. At the close, GSI reported 1 106.39 points, up 1.07 points from yesterday, with 3,944 batches and 6,260 transactions.

Calcium carbide PVC: Today, the price of calcium carbide PVC continues to be adjusted mainly at around 8,000 yuan. Merchants have a strong wait-and-see mood and the market fluctuates little. Most market participants are confused about the market outlook, which leads to long-short differences and the adjustment pattern gradually appears. By the close, the prices of various delivery varieties had dropped to 7900-8 150 yuan, among which, except for the varieties that rose slightly in 28 yuan in March, all other varieties fell between August and 44 yuan. Judging from the trend of the disk, all varieties have not touched the moving average, indicating that the market trend is relatively stable. Although the trend of weak pattern has been formed, from the transaction point of view, there is no substantial shrinkage at present, and there will still be some opportunities in the market outlook. Fundamentally, businesses are still waiting to see, so the market prices in various places are stable at around 8,000 yuan. Considering the relatively stable support of the upstream, the market outlook will continue to be dominated by shocks. The fluctuation space is limited.

Ethylene PVC: Today, the ethylene PVC market suddenly shows signs of heavy volume, and most varieties are concerned by merchants. The market seems to have a tendency to end the adjustment. By the close, the prices of various delivery varieties had dropped to 81/kloc-0-8,200 yuan, which was basically the same as yesterday, with little fluctuation. From the perspective of the disk, today's varieties have a comprehensive transaction signal, indicating that the expectations of merchants for the market outlook have improved. Under the current stable demand, the sustained high oil price is expected to push the market to rebound in an all-round way.

LLDPE: The market continues to fluctuate. Today's trading contracts have closed down, but the increase is not big. At the close, the LL 1 102 contract rose slightly by 9 yuan, and the closing price was 1 1300 yuan/ton; LL 1 103 contract rose by 40 yuan, and the closing price was 1 1460 yuan/ton. Although there are few intraday trading contracts, the trading volume is still at a high level in the short term. On the surface, the main contract LL 1 103 continued to rise after a small opening, and the willingness to compete for long and short positions in the session was not high, indicating that the current price was relatively recognized by market participants. In addition, hundreds of transactions were formed near 1 1460 yuan at the end of the session, which can be verified from another side. Fundamentally, the current ethylene price continues to rise, which will continue to form favorable support for the market outlook, but the market will remain volatile in the short term.

PP: Today, the PP market seems to be weak after yesterday's rise, and most varieties have limited transactions throughout the day. Except for the recent 1 varieties, other varieties showed a volatile trend, with light market trading and a strong wait-and-see atmosphere. As of the close, the prices of various delivery varieties have fallen to 12560- 12750 yuan. Among them, this variety decreased by 36-59 yuan from March to April. The variety remained stable in May. Judging from the market trend, today's varieties are mainly arranged around the medium-term parallel moving average. After the market broke through 12500 yuan, it seems that the gains are weak, and the market outlook may be further shocked. Fundamentally, while the upstream price remained stable, driven by the rising oil price, the market trend picked up, businesses basically stopped waiting and saw, and transactions increased. The future market is expected to continue to show a rebound pattern with the support of fundamentals.

ABS: The transaction volume of ABS products on the exchange was light, and the intraday trading volume was relatively small. Only the AB 1 104 contract rose slightly by 9 yuan, and the price was 183 10 yuan/ton. Due to the weak market turnover today, it is difficult for the market to form a price announcement. The market has no choice but to continue yesterday's adjustment trend. It is expected that the market will continue to fluctuate and adjust in the short term. Pft-trading.com/, general plastic raw materials, I hope to help you!